$7K in 2024, ~$13K at the cycle peak, IMO.

$40K by the end of this decade.

Mind you, I'll be keen to see how Solana co-exists with Ethereum moving forward and if it manages to reduce the latter's dominance. This (and other L1s) would make me revise the above-mentioned targets.

Most of my assumptions are based off:

- past cycles

- increasing adoption

https://etherscan.io/chart/address

- improved tech (Proto-Danksharding and L2s have helped massively) RE throughput and Tx fees vs 2020/21

https://l2beat.com/scaling/activity

- the gradual implementation of chain and account abstraction to significantly improve UX

- tokenemics (EIP-1559, a.k.a. London Hard Fork) has helped keep ETH total supply at ~120M since The Merge.

https://ycharts.com/indicators/ethereum_supply

- The successful transition to the Beacon Chain (PoW -> PoS) as part of The Merge.