$eth is about to break out from a 4+ yr range on the verge of "stablecoin summer"
this is very reminiscent of where $eth was in the middle of "defi summer" back in 2020
for those who were not around, starting around mid-june 2020, after @compoundfinance introduced the $comp token with a liquidity mining program, tvl in defi surged from around $1bn in june 2020 to over $10bn by sept 2020
this era saw the rise of concepts like yield farming, liquidity mining, and amms, where users could earn high returns (aka farm) by providing liquidity to various defi platforms (yams was the most fun)
$eth proceeded to ~2x in price in the summer months of 2020 before going up ~12x to ~$4400 in may 2021, just 8 months later
fast forward to today, $eth is now up ~2.5x from its lows in april 2025 and it is up ~60% in the summer months.. so far
i think it is very possible we could see $eth in the $20k - $40k range sometime in 2026 on backs of stablecoin summer as institutions have finally caught on to the value proposition of owning (and staking) $eth
the ticker is $eth

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