I know that saying there will be a altcoin season now will definitely make some people jump out to criticize me, but I have long gotten used to it.

ETH fell from 3500 to 1300, and many people began to question whether it was about to collapse. In fact, there may be several reasons behind this, and we can look at it from two perspectives.

First, it could be the actions of institutions. Similar to the situation with Three Arrows Capital last year, institutions might be clearing out retail investors and removing leveraged positions through large-scale sell-offs, which can lead to a downturn in the market. This kind of operation serves as a means for institutions to adjust the market and can also intensify short-term price fluctuations.

Secondly, there may also be some issues with the fundamentals of ETH. Although trading volume has dropped in the short term, ETH still occupies a dominant position in the market in the long run. You see that while coins like SOL, ADA, and XRP are approaching ETH's market cap, their daily trading volumes are far less than that of ETH, which indicates that ETH's liquidity and demand remain at the core of the market.

Therefore, while ETH's current price may be concerning, it is still trustworthy in the long run. Even if it may continue to adjust or face challenges in the short term, if ETH were to completely fail, the entire cryptocurrency market would also face significant shock. In other words, ETH represents the forefront and innovation of blockchain technology; its value lies not just in its price, but in the technology and ecosystem it supports.

In conclusion, I remain confident in the long-term prospects of ETH. Despite short-term market fluctuations, ETH, as the core asset of the market, still possesses the essential logic of being a leader.