Ethereum To $4,000 By May 23rd [Last Chance]

Ethereum to $4,000 by May price prediction.
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00:00 Intro
00:34 4k ETH
05:13 Crazy Stats
06:23 Layer Two
09:07 Restaking

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Ethereum is going to $4,000 by May 23rd that is according to Standard Chartered Bank their thesis is that we have a spot ethereum ETF coming and that’s going to drive massive hype but that’s just the tip of the iceberg when it comes to the bullish catalysts forming up for ethereum in

2024 our road to $10,000 eth lays before us and 4K could be the first major pit stop let’s take a look here at what they have to say so Standard Charter Bank is saying that the SEC is likely to approve a spot ethereum ETF on May 23rd of

Course they’re not going to do it beforehand because that’s not how the SEC rolls they’re going to wait until 455 on May 23rd blast out a press release and then I’ll run home before anybody asks any questions that’s how the SEC operates anyway this is very interesting I also like

Their very interesting curious fascinating lovely price prediction $4,000 Target if it mimics bitcoin’s pre-approval performance now we have generally seen ethereum underperforming versus Bitcoin in the runup to the Bitcoin spot ETF approval but what happened as soon as the spot Bitcoin ETF was approved ethereum pumped because the market then knew oh

We’re getting an ethereum ETF next and so far the SEC has been delaying their decisions on these ethereum spot ETFs but as Standard Chartered Bank thinks here and I tend to agree with we’re probably just going to have to wait until May 23rd to get our approval for

That but once it looks like the approval is going to happen once we start seeing the rumors circulating from insiders connected to black rock who knows somebody and told their uncle and who told their taxi driver who told the reporter over at some crypto media agency that the spot ETF is

Coming so watch out for that I think it could be a very big narrative for the first two months of this year and here’s something very interesting as well that supports this potential Mega price rally for ethereum and it’s this did you know typically January to May are ethereum’s biggest months with

On average except of course for in bare Market years 2018 was pretty rough minus 24% minus 53% in February in March 2020 minus 39% in March 2022 minus 26% but generally that first half of the year is a big time for ethereum you know not always going to be

Like that but certainly interesting to see isn’t it if that’s the case if we do have the ETF narrative heating up then we could see well what’s actually going to be a rather typical year for eth cool now I know what you’re probably thinking like hey wait a second Lark

Didn’t you just make a video the other day talking about how salana just flipped ethereum well it is true salana has just flipped ethereum and we’re seeing major metrics on Solana starting to outpace key metrics in the ethereum ecosystem especially if we’re just counting layer one versus layer one and

Not looking at all the stuff happening on ethereum layer 2 which is hard to discount but if you’re making an apple Apple comparison maybe it’s a bit more apt perhaps but still two things can be true at once ethereum can still go to $4,000 because the ETF hype and Solana

Can still have huge soaring metrics and here’s something for you here’s a little thought what happens when we get an ethereum ETF what do you think the Market’s going to Pivot to almost immediately that we’re going to get more altcoin ETFs and what are the primary candidates for the next ETF products

Well we’ve already had big players like Franklin Templeton a$ 1.5 trillion asset under management asset manager they’re already tweeting about salana so I would highly suspect that when we get our eth ETF we’ll probably see a salana ETF potentially something like a Dogecoin ETF I know it sounds

Crazy but it’s probably going to come a chain link ETF Avalanche ETF maybe even as soon as the end of the year that of course open up the floodgates for liquidity into the altcoin space and really makes this Market way crazier than it already is now before we get into the other reasons

Why I think that ethereum is primed for that move to $4,000 and longterm up to $110,000 just want to let you know if you’re not yet signed up to wealth Master newsletter get signed up best damn newsletter in the cryptocurrency industry by the way you will get so much

Alpha in every single issue we talk of course about the news because it’s the newsletter we also have airdrop alerts we have nft mints D5 to tutorials the latest technical analysis deep Dives on altcoins my portfolio updates and much much more sign up for free and join our

100,000 plus weekly readers using the link down below thank you now why is ethereum so well primed for a major Market move if you look down below my head here right over there you will see a chart it’s basically been an up only mode this is the amount of ethereum

Going into the staking cont contract currently it’s at 28.5 million eth in the staking contract if all these people wanted to unstake their ethereum it would take them two years to do so it’s stuck essentially when it comes to hey price is at $15,000 $10,000 whatever everyone wants to sell today

Yeah you can’t sell today you’re have to wait six months or a year to get your eth out to be able to sell it that creates higher price velocity at the top we’re also seeing stuff like this which helps to build the narrative ever since the merge happened we’ve seen the total

Amount of ethereum decrease by 0.2% it’s only 345,000 eth coins not that dramatic but let’s just keep that running over time how much eth will get burned ethereum is currently deflationary not massively deflationary but deflationary pretty impressive the layer two seen on E continues to be absolutely something to be reckoned with continues

To be massive look at this right now on average we are seeing ethereum do about 13.7 transactions per second and if we take all of the layer twos together we’re adding another 55 transactions per second on top so that’s what you know arbitrum and optimism and the others are

Doing combined right now we’re seeing various days when arbitrum for example is outperforming the ethereum main chain so the eth layer 2 scene is definitely where we’re seeing a lot of excitement happening of course we have massive airdrops over there that are going to be coming soon we have stet which is going

To be a massive stimulus for the ethereum community that of course helps Drive the price of eth up to 4K in that pre ETF era as well because people get a lot of free money and what do they do with their free airdrop money they go

And buy eth with it some of them will restake but some will just go and buy that sweet sweet eth with it they’ll take their airdrop money move it up to safer bets in the market ZK sync’s coming linea’s coming Scrolls coming other airdrops are

Coming be a big time be a big big time so layer 2 space is only going to get bigger in fact it’s going to be one of the biggest things happening in ethereum for the coming few years especially when you consider this the Denon upgrade now this is already on the test

Net so it means we’re going to see main net release as soon as March which just lines up perfectly doesn’t it if we’re getting and ETF in May and like late March we get the EIP 4844 upgrade this Ming now what is this upgrade this is the upgrade that will decrease the fees

On ethereum layered Su arbitrum optimism Lineas ZK sync darket all this stuff by 10 to 100x now even a 10x decrease in fee is GNA be massive right now it costs buck 52 bucks let’s say three bucks maybe sometimes to do some more complex transactions on some of these layer twos

Sometimes it’s a bit cheaper depends on which layer two Network you’re using to okay let’s just say two bucks as a sort of round figure here 10x is down to 20 cents 100x is down to two cents at two cents even 20 cents you’re relatively competitive with layer cheap layer ones

Like salana at two cents you’re definitely competitive now you’re gonna say okay but Salon only cost a tenth of a cent yeah but you know who doesn’t have two cents to make a transaction on Stark net or whatever very very big potential here to see a massive amount of cap Capital take

Off on ethereum layer 2os with this upgrade and then of course we have this which is like the crazy house of cards that eth is building right now the igen layer now I covered this the other day by the way in a video it’s like the top 10 guaranteed

Aird drops or something like that you should go watch this video if you’re interested in learning about how to get some free money from the igen layer airdrop it’s probably one of the biggest aird drops in crypto in 2024 plus there’s all these different layers that are building on top of like kelp

Dow and ether do fi stuff like this that are also going to give you aird drops from their ecosystems as well as the igen layer airdrops it’s gon to be crazy man and that’s going to have a lot of the Stak ethereum restak into it now longterm

Probably makes a bit of a house of cards and when the bare Market does come we could see a lot of deleveraging happen on the ethereum ecosystem which is going to drive a lot of liquidations which drives a Cascade of price descent and it’s just bare Market stuff there’s

Always leverage somewhere and leverage unwinds in a bare market and this is a major place where there’s going to be leverage in this whole reaking ecosystem the liquid stake ecosystem stable coins backed up by liquid staking etc etc etc it’s going to be a bit of a mess but

That’s for later to worry about that’s not for us to worry about right now it’s for 18 to 24 months from now us to worry about right now what we’re thinking about ETF narrative bullish hype potential it’s almost 100% gains from here 85% gains or something if it were

To actually hit 4K might not quite get there maybe upper 3 thousands if we can see adequate narrative build around all the stuff we mentioned here in the video could be one of the most obvious trades happening in crypto right now thanks for watching I’ll see you next Time w