It's bizarre to me that ETH is consolidating just below previous ATH with mammoth institutional inflows and people are bearish 📊
August is almost always a seasonally quiet month, that's why many people - myself included - travel with their families 🏖️
I believe $ETH breaks out to new highs this month and we see $8k+ this year and $12k+ next year 🎢
Bullish into year-end mainly due to seasonality, looming rate cuts, an increasingly dovish FED, increasing and impending disinflationary AI driven productivity gains, and the increasingly favourable and clear regulatory landscape around crypto, and imminent ETFs for the likes of $SOL and $PENGU 🐧
➡️ $ETH ATH⌛️
➡️ $PENGU ATH⌛️
➡️ $KTA ATH⌛️
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