In the last bull market, almost all the turning points of the main rising wave were driven by Ethereum's new narrative. From the initial ICO to the popularity of DeFi, and then to the later chain games, the huge amount of Ethereum in the passive pledge actually led to the short-term continuous surge in its currency price. Almost all institutions use the public chain of Ethereum as the first criterion for whether their projects are strong. This year, on the contrary, the Ethereum technical team, which is still struggling to improve the efficiency of Ethereum, and the capital and retail investors who pursue returns have serious market differences, and Ethereum has been dragged down all the way.
Especially for the Ethereum Foundation, which can always sell coins on the eve of the market decline at every critical moment, it is even more helpless to complain. Will Ethereum have a bull market? At present, it will definitely have a place in this round of bull market, but in the long run, it is not necessarily that there will be a shadow of it in the next round of bull market. The market is progressive, and technology can also be learned from. In addition to the stable pie, everything else in the crypto market is replaceable.
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