Ethereum: my thoughts for the medium term

I am bullish on BTC and hyper bullish on ETH, currently it's just been following the market upwards but if you look at the ETH/BTC chart and zoom out you can see that ETH is due to spike upwards. With the burn heating up, average over the last month was -0.4% and it's speeding up, over the last week it was -0.7% average. It's been deflationary for over a year now, which has been laying the foundations for a supply shock, in a time when prices are already going up, and we're seeing money flow from BTC to ETH as ETF inflows between 3 and 18 times issuance. That will increase after the bitcoin halving, and I haven't even mentioned the ETH ETF yet.

As I look into the tokenomics of BTC and ETH it seems logical that ETH's deflation has a stronger price influence than BTC's disinflation, especially when you consider ETH also doesn't need to subsidise networks costs with net positive issuance

Right ETH ETF; This will be fuel on the fire, stakers will see the price go up and unlike BTC miners will stop selling their ETH staking rewards, remember ETH is proof of stake and stakers have a fraction of the cost miners do so arent really forced to sell like miners. Meaning the burn will directly affect the circulating liquidity, this will put directly upwards pressure on the price. I'm the same way a having does, we haven't seen positive effects on price yet, but ETHs new tokenomics after the merge ETHs deflation Will concentrate the supply in a bullrun more than ever.

To be clear I don't think this will be immediate. In fact, I think in the short term, BTC will continue to lead the rally, as ETF inflows will increase alongside the price heating up. People will see the effect the ETF has had on BTC price and so the second ETF approval will give the bull run a second wind, ETH driving it to new heights (assuming the ETH ETF is approved too late). As ETH finance increases, especially if it's the last leg in the bullrun, people will start swapping into ETH, it's dominance will rise considerably and potentially surpass aths, my prediction being 20k. I'm not talking about a ETH flipping BTC, at least not yet, anyway this could potentially be the last big BTC cycle, so let's watch it explode.

thank you for listening to my rambling ted talk.