$ETH Why is Ethereum stagnant?

A very sincere suggestion: abandoning Ethereum is your best choice in this bull market.

It's a very simple principle: where are the most retail investors in the entire cryptocurrency circle?

Which cryptocurrency has more retail investors than Ethereum?

Moreover, it is a gathering place for all kinds of big retail investors.

In this bull market, it is difficult for Ethereum to break its historical high, or it may not be possible at all.

Currently, there are only two ETFs, one for Ethereum and one for Bitcoin. It is obvious that outside funds would rather enter at high points and buy Bitcoin than buy Ethereum.

Why? Because it's not a matter of whether Ethereum has a good narrative right now; it's that there is fundamentally no narrative and it has excessive retail investors on board. Who among those who have experienced previous bull markets and the altcoin seasons hasn't held ETH? Even until last month, I still held a large amount of Ethereum.

But what is the result? It is evident that I am fortunate to have escaped the death spiral of Ethereum early. #山寨季