Next, let's talk about Ethereum.

Just when the whole network was collectively criticizing Vitalik, he finally stood up to express his views.

In recent days, Shisan has mentioned Ethereum multiple times, and many friends think Shisan is mindlessly promoting Ethereum, but that's not the case; Shisan's main position is still concentrated on Bitcoin.

Ethereum comes second.

Shisan has witnessed the glory of Ethereum in the crypto world; almost every historically significant innovation in the crypto space is related to Ethereum. I have never dared to underestimate it, even though Ethereum's performance this year has indeed been disappointing, I still have great confidence in it.

Opportunities are often hidden when the entire market is not optimistic. If everyone is optimistic, it means there are no opportunities.

Vitalik published an article titled 'The Purge,' which elaborates on the future of Ethereum from various aspects. If these beautiful blueprints are realized, Ethereum will still be the Ethereum we know.

This article details 5 aspects:

1. Lowering the staking threshold for Ethereum, allowing investors with just one coin to become node validators, rather than the previous requirement of 33.

2. Scalability, which involves a lot of technical parameters, but essentially aims to simplify protocols and allow new block validation without requiring nodes to store complete data, among other technical upgrades.

These measures appear to be achievable through technical means, rather than mere empty promises.

3. Enhancing Ethereum's decentralization and efficiency.

Decentralization is achieved by increasing the number of nodes, and as for efficiency, it has already been mentioned that it can be realized through validating new blocks and other methods.

4. Network scalability, improving the capacity to process transactions and smart contracts further. POS and L2 are good measures, but further improvements are needed.

5. Protecting user rights. For detailed information on this aspect, you can check out this article. Shisan viewed the English version and interpretation materials; it’s better for everyone to look at the original version themselves.

In summary, what Shisan wants to express is that rather than investing in purely speculative projects, it is better to calm down and invest in long-term projects with definite value.

Additionally, since Ethereum is in a value trough, this is why Shisan has mentioned Ethereum multiple times in the article.

Of course, everyone should control their positions well, ideally within 15%.