$ETH Is there any better opportunity to exchange BTC for ETH than now?
ETH/BTC has hit the bottom?!
The current level of ETH/BTC is completely beyond the thoughts of most people, but in hindsight, it makes sense.
Ethereum has sacrificed short-term revenue to promote its L2 initiative, while the SEC has approved ETFs but not allowed staking, which has caused ETF products to not attract as expected, similar to BTC - these issues are now reflected in the price.
However, both issues will be resolved soon.
The rollup phases based on the foundation occurring after the PECTRA and FUSAKA upgrades require L2 to pay their fair share to L1 to ensure security (and remember that L2 activity is booming, especially on Base). So far, L2 has benefited from a form of "free trial" to encourage building - once L2 starts paying their fair share, revenue will tend to increase, making ETH a more desirable asset to hold. The Blobs will also increase the burn rate, making ETH more deflationary.
Additionally, ETF Staking applications are also in a state ready for SEC approval. The time the SEC approves will be when ETFs become more attractive in the eyes of Wall Street and provide additional motivation for issuers to push these products.
All of this is happening while BlackRock, Fidelity, and banks are quickly creating money market funds on Ethereum and tokenizing RWA.
$ETH Is there any better time than now?!