Revisiting the $20K price point hypothesis for Ethereum https://leofinance.io/@behiver/revisiting-the-usd20k-price-point-hypothesis-for-ethereum There was a hypothesis during the 2021 bull run that Ethereum is heading for a $20k price point considering all the events that were to come, like the EIP-1559 burning mechanism and The Merge to Proof-of-Stake. The mathematics from that point made sense and if no other bad events were to intervene, some would believe that it was a good prediction to make. But with the war in Ukraine, the energy crisis, inflation and other negative cascading effects, I think that prediction will take more time to come to fruition.
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Oh, those were the days!