Ethereum $ETH Shines Again: A Second Chance for Those Who Didn't Buy Before?

After several months marked by uncertainty, Ethereum is once again capturing the market's attention. Its price recently surpassed $2,300, and many within the crypto community are celebrating it as a true bargain.

Despite previous declines and skepticism from some quarters, there is a widespread feeling that Ethereum is far from having said its last word.

Over the past six months, ETH lost more than 24% of its value, falling 60% below its all-time high of $4,800 in 2021. This, coupled with the modest performance of its ETFs and certain companies that have begun to distance themselves from the ecosystem, has raised doubts among some investors.

There were even calls for Vitalik Buterin, its co-founder, to give up, arguing that "Bitcoin has already won." But the reality seems different.

Far from being discouraged, Buterin has remained steadfast with his sights set on the long term. In his recent essay, "Simplifying L1," he proposes returning to a simpler, more efficient structure for Ethereum.

His plan includes eliminating technical complexities, making upgrades more lightweight, and adopting more secure technologies like zero-knowledge proofs.

Meanwhile, the ecosystem has continued to evolve. The "Pectra" upgrade has raised expectations, and the token's price has rallied 58% in the last month.

In the last 24 hours alone, ETH rose 6%, sparking enthusiasm on forums like Reddit. There, many users assure that this remains an excellent time to buy.

Some believe it will soon reach $4,000, while others emphasize that staying below $3,000 remains an attractive opportunity.

Despite the so-called FUD (fear, uncertainty, and doubt), long-term holders not only held their positions, but increased them by 22% between March and May.