Why isn't ETH rising??

1. The emergence of dozens of L2s has fragmented the flow of money. A lot of capital has been stuck in $ARB $OP $ZK SCR STRK.. etc...

2. Intense competition from other L1s: SOL SUI...

3. The concentration of capital in #BitcoinETFs

4. The majority of gamblers in Vietnam have bought and are stuck. The price range with the most holding is 2k8 and 3k 👌

5. There is no next trend to drive retail investors.

6. ETH memes are at a disadvantage compared to SOL memes.

Basically, if you want to gamble #altcoin , you should choose tokens that have strong capital flow like SOL or SUI 💯 No one is willing to pay 2500 USD for 1 ETH, it sounds really unreasonable 😂