 
 
Ethereum proponent Sassal has revealed that the Ethereum Merge — the upgrade initiated for Ethereum’s transition from POW to POS — and the EIP-1559 upgrade — the upgrade designed to change Ethereum’s network fees and processing structure — along with Ethereum’s last burn, is bringing long-awaited positive results to the network.
Following these three events, the market player observed the presence of a bear market that prevented ETH from attracting new macro buyers, thus underperforming its competitor, Bitcoin.
Explaining that the tides have since changed, Sassal wrote the following;
“Now, ETH *is* capturing the macro buyers in a really big way mainly via the ETFs and the treasury companies (and we’ve only just begun here) + Ethereum has firmly captured the meta of stablecoins/tokenization and companies building their chains as L2’s.”
With the presence of macro buyers, the bids for ETH are higher and more attractive, and this development is especially notable as ETH’s supply is “extremely limited,” the Ether proponent added.
 
Remarkably, ETH ETFs have outperformed over the last 10 days—a development that has contained all the net issued ETH since the Merge, Sassal noted.
Further breaking down his long-term outlook for Ethereum, Sassal stated that the increase in demand for ETH, as evidenced by the presence of institutional players, once paired with an increasing ETH burn, could reduce the number of ETH available for purchase amongst ETFs interested entities, all while Layer-1 and Layer-2 network scaling continues.
“I don’t think I’ve ever been this bullish on ETH – the stars have never been this aligned for it and all of this is extremely reflexive to the upside. ETH to $100 trillion isn’t just a dream – it will be reality!” He added.
His bullish assertion comes as Ether bulls close off the week with an impressive performance. With over 19% worth of gains attained this week, Ether is trading at a press time price of $2,990.
Source: https://zycrypto.com/eth-to-the-moon-key-proponent-reveals-eip-1559-will-send-ethereums-market-value-to-100-trillion/