A report from Fidelity’s DigitalAssets arm gave a bullish forecast for ETH in the next 12 months, while a separate survey from crypto_vantage found 47% of investors expect Ether to “surpass” Bitcoin. noshitcoins investigates
Fidelity Digital Assets released a 'Q2 2023 Signals Report' on July 18, which claimed that Ether’s outlook for the next 12 months and the long term is positive. Year-to-date, Ether price has gained 62% but while the investment firm might be 'short-term' bullish on Ether, that does not mean they believe that the month-long bullish channel will be sustained.
The report also points to a 15% increase in the number of active Ethereum validators in the second quarter. Moreover, decentralized application activity has dwindled as shown by the DappRadar’s unique active wallets 30-day data: Uniswap -28%, 1inch Network -14%, MetaMask Swap -8%, and OpenSea -5%. As a comparison, in the same period BNB Chain’s PacakeSwap gained 10% and Polygon’s Uniswap users increased 8%.Ether quarterly futures have been signaling unease among professional traders.
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