Today, the price of gold has broken through $3,000, and I feel quite emotional about it. The first image is a reference of $ETH and gold at the same price. Although the price of ETH was lower than gold from August to November 2024, we can see that at least the direction was similar, but now it has completely reversed.
The second image is a comparison between ETH and $BTC. If you look at the chart, indeed the trends of ETH and BTC overlap, but since August, the gap has been gradually widening, and it has become increasingly larger now, indicating that investors' confidence in ETH has gradually diminished.
Data comparison is more powerful than anything else. Many friends might say that price is just a surface phenomenon, and what matters is the team’s efforts, but the price is actually the most genuine reflection of investors' sentiments towards the team.
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