ETHEREUM - White Deflationary Days Ahead

First please check my last ETHEREUM call, it was a quite nice one:
Ethereum Now Deflationary for 2 Months Straight:
Ethereum has been deflationary for two months straight due to a surge in on-chain activity on protocols such as Uniswap and Blur.

The network pushed an upgrade (EIP-1559) in August 2021 that meant transaction fees would be burned instead of directed to the network’s miners — a precursor to Ethereum’s switch to proof-of-stake last September.

EIP-1559 at times inspired Ethereum to produce deflationary blocks (more ETH burned than distributed). But the asset has now been solidly deflationary every day since late January, per network tracker ultrasound.money.

Prior to that, Ethereum had briefly entered deflationary status in November 2022, about two months after Ethereum’s Merge cut issuance by more than 90%, before slipping back to inflationary by December.

Mind the FEDS today as they may have surprises:

Support at 1747 and 1690
Breakout expected over 1905
Target for the Period 2248

One Love,

The FXPROFESSOR