Ethereum has seen a 3x increase since its April low, shifting from a heavily shorted asset to a consensus buy, with even a 10% pullback now viewed as a buying opportunity. The author suggests the Russell 2000 could follow a similar trajectory, moving from its current "most hated" status to a significant upward trend. Investors might consider monitoring the Russell 2000 for potential future upside, mirroring Ethereum's recent performance.