Ethereum still has a chance, but it will disappoint everyone in the short term; however, there are still opportunities in the long term.
Ethereum is in a trillion-dollar market, and no matter what, it is difficult to take it down. Additionally, there is support from ETFs. From the perspective of retail investors, if they already have high positions, they can only wait patiently. Switching positions is also unreasonable because the exchange rate is already too low. If someone is not holding, and wants to buy at the bottom, there is a cost-performance ratio, but currently, it feels like it’s worse than altcoins.
Recent hot topics include: fan tokens, the SOL sector, new memes. Fan tokens and new MEMEs are like leveraged gamblers, so there’s no need to focus too much; it’s all insider profits. The SOL series is gaining popularity again, and currently, the SOL position at $183 is also attempting to break the resistance for the third or fourth time. Personally, I believe the resistance is still between $190-200, and one could consider taking profits and maintaining a core position.
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