$ETH ETH and the altcoin track face challenges in validating internal narratives, but market capital continues to flow into innovative fields such as DeFi, AI+, and RWA. The current market is dominated by external capital, as institutions enter through compliant channels like ETFs to drive the revaluation of ETH, while altcoins show significant differentiation—projects with technological innovation (such as high-performance public chains) or compliance advantages will navigate through cycles.
The crypto world is never short of new capital and new narratives; the key is to identify genuine demand (such as tokenization of real assets) versus pseudo-concepts. Investors need to remain patient and focus on underlying ecosystem builders rather than short-term noise.