The most confusing thing to me is that $ETH has not yet reached its historic peak that it reached in 2021.
This is despite the positive indicators of buying demand by ETFs and recently by new individual investors. The question remains why?!
When we look at the $SOL project for example, none of us expected it to outperform Ethereum until it did in the end due to several factors, the most famous of which are the speed of transactions and low transfer fees in addition to the meme projects that are on the Solana network.
What I hope is that Ethereum reaches its position again because on its network there are also meme projects and currencies even from outside its network waiting for any positive signal from it to rise with confidence.