#TurnTHEvolumeUP
🧭 My bottom-line take
$ETH seems to be at an inflection point: the Fusaka upgrade, renewed buying by whales/institutions, and a modest technical rebound suggest medium-term upside potential. But given macroeconomic uncertainty and broader crypto volatility, upside may remain capped unless broader confidence returns. In short — $ETH ’s structural story remains intact, but catching a major rally will likely require clarity on global macro and renewed momentum in adoption/use.
⚠️ Risks & headwinds to watch
Macro & macro-policy uncertainty remain a big drag: global monetary tightening, interest-rate moves, and risk-off sentiment could suppress demand.
Ethereum’s long-term scalability and competition: despite upgrades, broader structural challenges and growing competition from other Layer-1/L2 blockchains could limit ETH’s dominance.
Market sentiment remains fragile — crypto wide-selloffs, overleveraged positions, or negative external shocks can trigger sharp corrections, even with good fundamentals.$ETH #WriteToEarnUpgrade