$ETH Guys, a little bit of thought on ETH as a lot of people are now saying that ETH is reviving or ETH is going to $10k or whatever they want to say.
But in my opinion, it's not likely that ETH will survive. The main reason of why ETH is having a nice run simply just because it's at the very very oversold level and guess that some HFT algorithm bots are executing buy to cover the efficiency. Just it.
Pectra upgrade is also giving it good narrative which I believe some smart money is using it to boost the price up as well. That's why we have some run here.
But I'm still staying at my current bias which the era of ETH is extinct. It will soon become the next LTC, EOS, ADA, Polkadot and other old-fashioned projects.
The game is now for the new L1 which is cheaper, quicker, and more compatible for developers. Solidity is just for old men in the bronx, it's full of flaws and I think that ETH can't compete with new L1 like SUI, SOL, or Sonic.
What I'm looking at right now is the higher the ETH price goes, it'll be better for us to use it as our exit plan. I don't think we can see ETH to surpass $4000 in this run or in this cycle. It's time for ETH to go home.
