Take everything you know about ETH's historic price movements and throw it out the window. Literally, completely forget it. Why? Phase 1: crypto was Ouroboros (first ten years). Phase 2: Ethereum enables open banking via stablecoins and tokenization. Phase 2 allows the world's financial system to graduate from separate banking ledgers around the world running on COBOL (ancient code) to share one ledger: Ethereum. Everything is going to be tokenized. The network effects on Ethereum will be unlike anything we've seen before. L1 and L2 chain fragmentation will soon be solved (within 6 months). The network effects will be massive due to Metcalfe's Law where the value of the network is approximately n². (n is number of users) If you are still thinking $4,000 to $10,000 ETH, you don't understand ETH. You're still stuck in phase 1 mentality. The base case for ETH in the phase 2 universe I'm describing is $300,000 ETH. 100x ETH should be your base case. Few.