Are #Layer2  Ethereum’s Profit Secret?

‣  @ethereum  Layer 2s—like #Base and #Arbitrum in over $140M in profits this year, with Base leading at $64.35M and a 75% profit margin.

‣  These networks boost #ETH  demand as gas fees and #DeFi protocols grow, creating a cycle where Layer 2s drive Ethereum’s expansion.

ETH/BTC & Price Action
‣  ETH/BTC is battling resistance at the 100-day MA, but rising gas fees signal higher demand. Support at 0.030 BTC could hold the key to a reversal.
‣  Ethereum’s price is stuck between $2,127 and $2,723, with RSI near oversold at 42.75—watch for a breakout if Layer 2 growth fuels momentum.

Will Layer 2 profits be the key to Ethereum’s next rally?

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#Layer2 #Base #Arbitrum #ETH #DeFi