🧵on ethereum 1/ $ETH +22% past month but down -9% YTD ETH rangebound since 2021, but the rise of stablecoins $CRCL $USDT and Wall Street tokenizing real-world assets is driving up demand for ETH = upside ....please read on $BMNR DAT @BitMNR

3/ Head of Digital Assets for Fundstrat @SeanMFarrell notes that transaction activity picking up on ethereum data from @TheBlock__ $BMNR @BitMNR

4/ Crypto is a leading indicator for equities - Bitcoin $BTC leads $SPY by 1 month - BTC ATH 1/20, SPY ATH 2/19 - BTC ATH 5/22, SPY ATH 6/27 - recent breakout in BTC - good sign for S&P 500?

5/ $ETH also benefit from general rise in risk appetite - small-caps $IWM and ETH move in sync - tailwinds building for small-caps with Fed set cut later in 2025 Fed cuts = liquidity rising = positive for risk assets @BitMNR $BMNR