ETHEREUM'S “SUPERCYCLE” NARRATIVE

Summary from the TLDR Crypto newsletter

Ethereum's open design enabled speculative waves (ICOs and NFTs) that drained large amounts of ETH from long-term holders to grifters and retail, creating persistent sell pressure that slowed appreciation. With those excesses largely behind it and institutional demand growing, ETH is entering a “supercycle” marked by steadier, less euphoric growth and stronger performance during market corrections.