Bit Eagle Analysis: ETH @Everyone

The current price of ETH is $1600, back to the price in 2022

This means holding ETH for 3 years has yielded no returns

If purchased around $4000, it has lost 60%

So we must ask, can we still buy it?

A few months before the big drop, several analyses regarding ETH were released,

encouraging everyone to swap ETH for BTC

Now that it has dropped, ETH is still not the best choice

First, let's compare ETH and SOL

Firstly, the fundamentals of ETH are currently not as good as SOL, but its market cap is 3 times that of SOL

ETH is 200 billion USD, SOL is 70 billion USD

Secondly, ETH's ETF has been approved, and the positive news has been released

But SOL's ETF is still on the way, and positive news has not been released yet

So buying ETH is not as good as buying SOL

Next, we compare ETH and BTC

BTC has been included in the U.S. strategic reserves, but ETH has not

BTC has digital gold properties, low inflation, and it is getting lower

The POW mechanism requires mining, which has high costs, as miners have machine and electricity costs

But after ETH transitioned from POW to POS, staking can yield ETH

This leads to higher inflation for ETH and lower costs

So buying ETH is not as good as buying BTC

In summary, despite the significant drop, investing in ETH is not the best choice

Those holding ETH can swap for BTC or SOL (BTC is more stable)