To those saying Ethereum is dead - you're wrong.

I’ve made similar statements in the past, but the reality is more nuanced.

$ETH is weak because it was once priced as a monopoly on mindshare and usage.

Solana and other high-performance L1s have steadily weakened that position. The result is a slow bleed (complacency) in relative valuation as the market internalizes that Ethereum is no longer the only viable platform.

Ethereum isn’t losing value, its market cap is simply converging toward a more realistic valuation.

IMO that's a reflection of a maturing market.

And no, this isn’t a dunk.

The same correction could happen to $SOL if better chains appear and capture value.