Let me sort out a point of view for everyone. Many people have a wrong understanding of Ethereum.
Many people think that when Bitcoin reaches a certain level, Ethereum will rise. There will be a corresponding ratio with it. In fact, this idea is totally wrong!!!
Bitcoin is unique and constant. We can understand ETH as a big copycat. It has also developed slowly from a small currency. And now the annual deflation and issuance are also very serious. It’s just that Ethereum’s performance has always been good. So its status in people’s minds is relatively high!
There is no reason or regulation that it must grow a certain amount. In general, copycat coins still depend on the on-chain applications and consensus. At present, Ethereum’s chain is relatively rubbish.
The consensus is basically getting worse and worse. And the Ethereum Foundation has been selling coins. V God has also been cheering Ethereum and Ethereum has been falling. When a project party keeps shouting that his coin is good, and then the coin keeps falling, you can think about it carefully. While saying good things, he is selling the valuable coins in his hands.
Ethereum has a lot of applications. Including L1, L2 staking, etc.! It is also relatively scattered. There are no particularly outstanding applications. No one has taken up the banner of Ethereum.
When APE Apprentice was launched, Ethereum's gas fee once reached several ETH and many people rushed to grab it, but couldn't get it! The third generation wants users to pay for it. It must do practical things and show real strength. If Ethereum has no strength. Or the project party does not take action. Then it is normal that it cannot rise.
BTC is the king! Ethereum is his younger brother. We do not exclude that Ethereum is good. But we must also look at it rationally. There are many people competing with him for the second place. For example. SOL and BNB, etc. ! ! !
In the B circle, it is the survival of the fittest. The same is true for copycat coins. Again, don't have faith in copycats. Your only faith is Bitcoin.