I feel this year we can see ethereum back at $1200 because more and more people join DeFi projects and that's why I think it will be a bullrun . But as we know every investment has their own risks
I think opposite. $1200 seems far, far away. Current price need to increase 3 times and we still havent face any correction and all we do are just growing. 4 months will fly in seconds. Everyone now join DeFi projects, soon DeFi will be everyone and it wont be unique anymore. So dont relay on it much.
Ethereum 2.0 also wont help price to jump. It was postponed few times already. If they postpone its release on more time, Ethereum price could easily lose $50 or maybe more.
Indeed, the DeFi project is now in great demand so investors are still chasing it to invest because of the many successes that have occurred in the past, but with ETH prices continuing to soar and now staying at $400+ maybe it could be the influence of the current trend so that This will be stronger to correct further, to reach $1200 will be difficult too which will not guarantee that the DeFi trend will reach ETH prices that much and still this adjusts to the market conditions that occur.