There is significant controversy in the market regarding Ethereum in this round of the bull market, presenting a phenomenon of polarization.

The vast majority of opinions believe that 'Ethereum is finished'.

The main reasons are as follows.

First: the price issue; the bull market has reached this point, and the price is still hovering around 2000, having risen for nothing. The inability to rise indicates that there is no capital coming in.

Second: Given that the Ethereum Foundation will not take action in 2024 and is also selling off, there are concerns about the project's prospects.

Third: The public chain competition has been surpassed by SOL, while Ethereum remains lukewarm; however, the SOL chain has benefited from the meme craze, gaining market flow and liquidity.

The reasons for not being optimistic about Ethereum boil down to these three points. Let’s examine them one by one to see if they hold water.

Regarding the price, it is indeed the case that it has been hovering around 2000 dollars, unable to break through. But this is more of a current presentation; can it really represent the future?

Let's look back to before this round of the bull market started; who would have been optimistic about SOL at 20 dollars? I think very few could have predicted SOL's rise to today's price. After SOL experienced the fallout from the FTX incident, everyone avoided it.

For example, the currently favored Ripple; by 2024, few people would think that Ripple, this zombie coin, could actually rise this much in a month, so the current price, objectively speaking, does not represent the future.

Looking at the second point, the performance of the Ethereum Foundation has drawn criticism from many supporters. Fortunately, since the end of 2024, through statements and actions from Vitalik Buterin, we have seen the restructuring of Ethereum's management.

Looking at the third point, my consistent view is: the value of Ethereum is beyond doubt. Many people in the market today say that Ethereum has been surpassed and is no longer viable, but in fact, have they considered or experienced the last two bull markets? Ethereum's rise from obscurity to its current position was not smooth sailing.
In every bull market, it has undergone brutal competition and clashes. The last bull market was called the 'public chain war', where truly many public chains vied for dominance. The fact that Ethereum can become a king is enough to prove that Ethereum is certainly not a newborn baby or a flower in a greenhouse.

Today, we see many public chains' approaches, technological updates, and new concepts. From a dimensional perspective, these are more like minor skirmishes or breakthroughs along the path Ethereum has taken, without proposing truly revolutionary or disruptive reforms.
The future path of Ethereum is still long and will not stop at today or this round of the bull market.
So why is the market so critical and unoptimistic about Ethereum?

The issue itself is not about the value of Ethereum, but rather about investors needing to correctly recognize another problem.
That is: is it a good cryptocurrency, buying it equals making money?

Not really; it is precisely because of this cognitive bias that many people have high hopes for Ethereum, believing that buying it means they can just relax and earn money, while neglecting their own inability to understand the market: when to buy? How should market fluctuations be interpreted for future direction? Should they hold it? Some even don't understand the value of Ethereum at all.

It is precisely because of their own insufficient understanding and lack of ability to solve these problems that after buying, they incur losses and do not achieve their goals, leading to the current grievances, attributing all their dissatisfaction to Ethereum.

Therefore, we should understand that a good cryptocurrency does not mean that buying it equals easy profits.

We also need to have the ability to read the market, knowing when to buy and when to sell, being able to understand the value of the cryptocurrency.

Just like farmers plant seeds in spring and harvest in autumn, if the trend in between does not change, then patiently fertilize and water.

Investors' fertilization and watering mean constantly working on three aspects: technology, strategy, and mindset to ultimately achieve good results.#Strategy增持比特币