Ethereum will be rocked again There was an Ethereum fork in September, but the bear market didn't let the charms of this update be fully felt. A few triggers under which ETH could plummet until mid to late March 2023:
- Deflation - Ethereum network activity has increased over the past week. Gas is holding above 15-17 Gwei. In a week, this will lead to deflation of ETH since the move to PoS, which will attract even more investor attention.
- There will be a Shanghai update in March, which will open the Ethereum stacking withdrawal. ETH could be hyped under this event, as it was before the fork in August.
- L2 blockchain hype growth. The number of active addresses on Arbitrum and Optimism is growing. TVL is on the rise. The popularity of superstructures will affect the growth of Ethereum itself.
- The resurgence of NFT. Trading volumes on Opensea are at a local bottom. But there are prerequisites for an NFT season from BAYC, Azuki, Memeland and other collections.
Important! The Fed is still planning to raise rates = strangle the economy. So don't expect a quick reversal, buy back only on pullbacks.
