The analysis focuses on Ethereum's potential to reach $15,000 within the next 12 months, suggesting it's not just speculation but driven by solid fundamentals, including potential interest rate cuts. Historically, Bitcoin's price doubled within four months following Fed rate cuts. Ethereum's structure, supporting stablecoins like USDC and Tether and tokenized assets such as US Treasuries and real estate, enhances its utility. The analysis highlights the European Central Bank considering Ethereum for a digital Euro. It notes a textbook supply squeeze where fewer than 15 million Ethereum are available on exchanges. Technically, Ethereum has broken out of a multi-year downtrend and while the author focuses mostly on Ethereum he also shows the bitcoin chart. Potential macroeconomic risks may exist as well as competition from Solana. The analyst says Ethereum isn't just a gas token, but a platform for the next financial system. Bitmine Immersion Technologies continues to increase capital and purchases of Ethereum, which will raise, buy and increase the price.