In the current market landscape, Ethereum (ETH) is showing signs of potential growth, despite recent criticisms and losses compared to other cryptocurrencies. This analysis focuses on the catalysts driving ETH's potential, as of the provided source.
A key indicator is the rise in active addresses within the Ethereum ecosystem. During the week of May 26 to June 1, a new record of 17,409,858 active addresses was recorded, supported by Layer-2 solutions. These solutions have been compensating for Ethereum's drawbacks, leading to a continuous increase in network activity since 2022.
Similar to Bitcoin-focused treasury companies, more Ethereum treasury companies are emerging, potentially boosting ETH demand. This could create a supply shock, driving prices upwards. Ethereum has faced pressure recently, losing almost 65% of its value from its December high, while Bitcoin increased by 1.79%.
The ETHBTC ratio has reached an extreme value of 57 and is now at 43, significantly higher than the 12 to 20 seen between 2021 and 2024. Historically, Bitcoin's all-time highs are seen 12 to 18 months after the halving, which occurred in April 2024. The current market suggests the bull run could continue for another five months, potentially leading to new all-time highs.
Ethereum could see faster growth if there is a resolution in trade disputes or liquidity measures from central banks. In such cases, new all-time highs of $7,325, $8,477, and even $11,309 could be possible. Bitcoin Hyper is transforming BTC into a potential Ethereum killer. Bitcoin Hyper's Hyper Layer 2 scaling solution aims to increase transactions per second from 7 to over 1.2 million and reduce latency to 100 ms.
Investors can still participate in the Bitcoin Hyper ICO, with $HYPER tokens offered at $0.011825. The project currently offers an impressive 907% annual staking yield, though this is subject to change.