Ethereum Developer Says ETH Could “Pass” This Bull: Here Are the Reasons!

Ethereum developer Ryan Sean Adams said that this bull rally could “pass” the ETH price.

In his statement on Twitter on May 10, Ryan Sean Adams offered two perspectives on whether Ethereum will miss this bull cycle.

Stating that Ethereum is currently going through a complex period that he calls "adolescence", Adams stated that new users do not turn to Ethereum due to the speed and cheapness of layer-2 (L2) solutions. It was stated that investors who want to benefit from this cycle can skip Ethereum as they will be in L2 projects.

On the other hand, the developer emphasized that Ethereum, which is the root of 1,000 blockchains, is quite profitable and has high potential, and said that investors may eventually see the true value of Ethereum, so it may be late.

It was stated in the article that it is still possible that the rise of Bitcoin will later be reflected in Ethereum.

According to CoinGecko data, Ethereum is trading at $ 2,914 at the time of writing, with a 3.5% decrease in the last 24 hours.