#CryptoScamSurge So far, there is no balance of investors in ETP on Ethereum and Bitcoin. The expert believes that 'catch-up' purchases from managers who have not yet invested in ETH may support the growth of the cryptocurrency's price, as was the case with BTC.

2. Interest in stablecoins and the tokenization of traditional assets is growing. Most of this infrastructure is already functioning on Ethereum and its L2 solutions. Activity on the network is driving structural demand for ETH as 'fuel' and a collateral asset.

3. The trend of converting company reserves into ETH may accelerate. So far, the shares of companies that have chosen this path are trading at a premium to the net value of their crypto assets. Management has an incentive to increase positions in Ethereum and issue new securities.

4. Supply is limited. After the network transitioned to Proof-of-Stake, net issuance has decreased. This year, about 0.80 million ETH may be issued. Some coins are burned under EIP-1559, a significant portion is staked and not participating in circulation. Against this backdrop, projected purchases of $20 billion (approximately 5.33 million ETH at current prices) mean a substantial excess of demand over supply.