Ethereum / TetherUS
Long

Institutional Adoption

99
I believe that with the launch of DBS token services utilizing its integrated Ethereum Virtual Machine with its core payment engine and various industry payment systems, the rise of similar enterprise solutions would indirectly boost the ETH demand by 5-15% annually depending on how extensively smart contracts are deployed.

Additionally, this incentivises users to stake ETH to gain additional longterm gains which in turn would secure the network, reduce circulating supply and potentially provide a 10-20% boost from staking alone. Also factoring in the growth of layer -2 solutions like Polygon which scale Ethereum's capacity, reduces congestion and gas fees scalability increases by an additional 50-100% and since it also relies on the same network for security there is likely to be additional positive ripple effects.
Nota
$2,739 target was hit and it has entered the correction zone. Moved stoploss up to $2,680 for the second part of this play so no matter what happens, its a profit.
Nota
$2,547 hit on short target and this marks a perfect trade.

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