1. Can ETH break $4800?
There is a possibility, but it depends on macroeconomic conditions and the development of the Ethereum ecosystem.
Growth factors:
Implementation of EIP-1559 (commission burning) reduces ETH inflation.
Growth of DeFi, NFTs and institutional interest (e.g. ETH ETF).
Risks:
Macroeconomic instability (inflation, Fed rates).
Forecast: If Bitcoin updates ATH, ETH can reach $4800-$5k in 2024-2025.
2. Why are you bullish on ETH?
Technological leadership: Ethereum remains the #1 platform for smart contracts and dApps (80% TVL in DeFi).
Updates: Sharding