This is a fundamental analysis for Ethereum, the analyst outlines a bullish perspective based on seven key factors. (1) The macro backdrop is improving with potential rate cuts and a weakening dollar. ETH thrives with liquidity. (2) Regulatory clarity, including the GENIUS act and the CLARITY act which gives ETH an opportunity to compete and innovate. (3) Institutions and corporations, including Mastercard and JP Morgan, are beginning to create their own coins using Ethereum blockchain and more are expected. (4) There is evidence that ETH ETFs show an increase in interest. (5) The technicals and charts look great too. (6) the Ethereum Foundation is changing in its new leadership, including with their ETH sales.