There are currently two L1 (first layer) projects with the largest ecosystems on the market:

Ethereum and Solana.

Once they rise, altcoins will follow, but right now, neither has broken through their previous all-time highs.

ETH is 30% below its 2021 high. SOL is 16% below its new high.

Historically, large-cap tokens tend to hit new highs after BTC stabilizes. For example, in the 2020-2021 cycle, BTC hit a new high in the fourth quarter of 2020!

Are you still optimistic about Ethereum? It seems that many people have lost their patience with Ethereum!