people are so bullish with these projects backed by big venture capitals, anything backed by venture capital would sky rocket the minutes the went public and listed on exchange so im pretty optimistic with the future of ethereum for long term.
have you heard about eigenlayer, their innovation on liquid restaking or something like that has allowed people to lock their ethereum this increase the overall TVL massively and im also avid eth staker to these projects.
this upgrade will just gonna make ethereum even more better, there's most certainly a proper reasoning why ethereum could be going so strong like this and all these reasons are many factors put together, ethereum ETF, dencun upgrade, increase of TVL hitting all time high as well as many new projects getting deployed into ethereum main chain.
overall its a bright future for ethereum, eventually if gas fee resolved, things will just get better and better hopefully they can do that.
Will this upgrade solve the outrageous gas fees on the Ethereum chain? Yeah, I'm also bullish on ETH, and most of the projects I hold are predominantly ETH-based. OP mentioned BGB as an example, the Bitget ecosystem token that has been breaking multiple ATHs in recent months. However, I believe that unless the ETH gas fees problem is mitigated, we won't see the true potential of Ethereum. Just my opinion, by the way.