The long-term outlook for Ethereum's price is considered very bullish due to continuous updates, evolving applications, and increased demand, leading to a higher price as supply decreases and demand increases.
"but in the long term i think this is hugely bullish for ethereum because ethereum is constantly updating itself and evolving and it's creating more and more demand for all these crazy cool applications like nfts and decentralized autonomous organizations and so many cool things and if we reduce the supply and increase the demand the price will only go higher"
