Ethereum itself is in the best position it ever was. Every perceived risk - outside of general execution risk - is outside ETH (BTC whales unloading / macro): - only L1 with state level security (5 clients, 12k+ validator entities, 10yrs running without downtime etc.) - ETH L1 & L2s 13.1x lead in stablecoins, 17.1x in RWAs & 8.2x in Defi (TVL vs. next decentralized competitor) - scalability non-issue with increasing blobs, EigenDA & zk tech (24k+ blobs tps rn, 100k+ tps with MegaETH, EigenDA potentially doing 43M tps) - govs favorable of integrating blockchain tech in global financial infrastructure - regulatory clarity allows space to move rapidly forward - green light for crypto to be used in 401ks - all relevant tradfi whales all in to use blockchain tech to tokenize global wealth worth $400T And macro seems like - according to the experts here on CT - having no severe mid-longterm issues. Can't be anything but bullish still.