Ethereum and ETH
Ethereum is a blockchain platform for applications. ETH is its native asset, used to pay network fees and participate in staking. The network and the price of its token are related, but different things.
Supply is not a one-way story
New ETH is issued and some transaction fees are burned. The balance varies with activity and protocol rules. Describing supply as permanently shrinking misses that moving relationship.
Usage is not a price target
Applications, stablecoins and scaling networks can create activity. The investment question is how that activity affects demand for ETH, alongside competition, costs and market conditions.
Risks to understand
Smart-contract failures, custody problems and sharp price declines are possible. Staking arrangements add their own terms and risks. This page makes no prediction about ETH outperforming Bitcoin.