Coin Bureau: ETH will rise to $5,000

The window it was checked over

ETH closing prices, adjusted for splits. The shaded span is the one-year window: it starts at the first close after the video went public and ends at the last close on or before one year after the day the video was published.

What was said around it

risk at Bay ethereum's layer twos though are where things get interesting in theory layer tws are bad for eth as they result in less fee related eth demand in practice however eth is the native currency of essentially every single layer 2 that means that every meme coin on layer 2os likewise trades against eth creating eth demand now believe it or not but eth's chart suggests that the scenario I just outlined is a real positive on The Daily each is close to getting back above the Ballinger ban moving average which would put it back in bullish territory it also appears to be painting a sort of double bottom pattern that could take eth to 5K the caveat is that there's no guarantee that the frustrated capital on salana will flow to ethereum it could just as easily flow to other wouldbe ethereum Killers such as Avalanche and Phantom some of you may have heard that Avalanche has incentives of its own and Phantom is also working on mean coins there is also a real possibility that all the speculative Capital could stay on salana this though assumes that salana doesn't experience another multi-hour outage if you watched our recent salana update you'll know that its blockchain experienced a 4H

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