I have several coins in most of my spot positions, and except for ETH, the others have performed well. When the price of ETH was not strong, I kept thinking about whether to change the position of ETH, but due to the performance of ETH in the first two bull markets, I have not changed it! From now on, I will say my opinion:
Since its birth, ETH has never been completely down, even when DeFi was at its peak, it still proved its excellent stability.
Many people believe that the L2 strategy has diverted ETH's own users and funds. In my opinion, this is a clear path direction for ETH as the world's computer and underlying settlement chain. Use L2 to undertake users and applications, and solve C-end experiences such as fees and speed. ETH itself solves the security and stability required by the B-end.
Moreover, companies such as Sony and Coinbase have directly used L2, and these companies are not stupid. Security and stability are guaranteed by the ETH mainnet, and you can directly send a chain to meet your needs with one click, which improves efficiency.
If you want to wear the crown, you must bear its weight. The disappointment of ETH in this cycle comes from the expectation that it will lead innovation, not the disappointment of its own public chain. There is still a difference.
Don't do crowded transactions. Everyone is selling coins because of FUD, so you just follow suit. Although ETH's price performance is not good, the fundamentals and revenue performance have not changed fundamentally. From POW to POS, although there is less support from miners and basic price support, the value of ETH will be healthier. ETH has become more pure, and everyone can just look at its ecological development and technological development.
Although the price of Ethereum has been relatively poor this year, it is the king of cottages after all. If it can't be trusted, then should I trust a group of cottages? $ETH
