**Erik Voorhees:** Wall Street Consensus Boost and Three Factors Driving Ethereum Bull Case
BlockBeats News, December 12th, Liquid Capital (formerly LD Capital) founder Yi Lihua posted on social media, expressing unwavering bullishness on Ethereum. The reasons are as follows:
1. Wall Street consensus strengthening: The SEC chairman's latest statement on "financial migration to the blockchain," U.S. political and economic elites are joining forces to promote the tokenization of U.S. debt, with Ethereum as the core infrastructure.
2. Fusaka upgrade reshaping value: Blob fees skyrocketed, burning over 1500 ETH in a single day, accounting for 98%. L2 prosperity is strongly rewarding the mainnet, with deflation imminent.
3. Extreme technical cleansing: Speculative leverage has dropped to a historic low of 4%, with CEX reserves only at 10%. ETH/BTC trading sideways, resistant to downside pressure, shorts exhausted, with a looming short squeeze. In a rate-cutting cycle, funds are rotating from BTC to the practically valuable ETH.
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