Player friend asks: Is it appropriate to exchange ETH for BTC now?
$ETH The performance of this bull market has indeed been relatively weak, mainly due to:
(1) Lack of new narratives to speculate on;
(2) The development of its L2 ecosystem projects has siphoned off Ethereum's heat and funds;
(3) Technological advancements naturally have latecomer advantages; the later a technology emerges, the more advanced it will be, while Ethereum is an early public chain, now facing challenges from newer public chains like Solana.
(4) The Ethereum Foundation often sells off at high positions, leading to investor dissatisfaction, loss of faith in Ethereum, and questioning whether the Ethereum team is just selling coins and doing nothing.
Can ETH be exchanged for BTC now? Yes, it can be exchanged.
How to exchange? Currently, it’s a consolidating and fluctuating market; one can sell Ethereum at highs and buy Bitcoin at lows to gradually implement the exchange operation.
Personal opinion, for reference only!
