Ethereum is done. Stop fooling people.

Looking only at the short term, ETH has dropped directly from its peak without any rebound. I do not know the real reason, I can only speculate: 1. ETH is heavy, institutions are killing it to clear retail and long leveraged positions, accompanied by a small number of institutions cutting losses and leaving, similar to how Three Arrows Capital was blown up in July 2022; 2. There are fundamental issues with ETH. Personally, I believe the likelihood of the first possibility is greater. XRP, ADA, and SOL can all rise, with market values approaching ETH, but their daily trading volume is less than one-fifth of ETH, while ETH's daily trading volume accounts for 50%-70% of Bitcoin, which is completely inconsistent with its market value. From this perspective, when even the dogs on the street know that ETH is doomed, the cost-performance ratio of ETH has become very high. I do not know if 1700 is the bottom; it is very likely not, but at this position, ETH's cost-performance ratio is quite good. If ETH completely fails and is replaced by XRP and others in the second place, then in the future, there will be no technology, and the entire crypto space will turn into a casino for meme coins. In the long run, SOL and other chains will also go to zero. One day, ETH may be replaced, but it will definitely not be by the SOL chain or centralized pseudo-tokens like XRP. In the long run, I still have confidence in ETH. I won't say much about Bitcoin; I am optimistic in the long term.