I have been holding ETH since 2019. I have seen it go to 4k+, and in 2021, I sold it. Bought it again in 2024 around ($2100), but this time I hold it because I was convinced it would go above 5k-6k. I believed that the ETH technology could have a significant impact on our system. However, my beliefs are falling apart: crypto is just another trading asset, and most people still don't see its value, which I understand, since only a minority use it on a daily basis.
The world is collapsing, macroeconomics will get even worse in the next few months, and the impact on the economy will catch up in a few months. Saying this, SP500 is at its ATH, but ETH is still 60% down from its ATH.
The Clarity Act is a scam, and it will never be approved. It's just a dopamine to keep people believing in a rally. Also, Trump was supposed to be the crypto president and just did worse with his scams. In the next elections, probably democrats will win and stop any legal support to crypto, which will trigger a dump (or not lol).
I don't see any major events in the next 1-2 years that can catapult ETH back to 5k. Am I missing something?
Posted by Talento90