A heated discussion on the value of ETH Actually, I am looking at an indicator The exchange rate of ETH/BTC Now it's around 0.186 It is about to fall below the historical level of support The historical low at the end of 2019 was approximately at a price of 0.0176 The ETH/BTC exchange rate pair reached its lowest point of the year, around 0.0175 BTC. According to the market data at that time: Bitcoin (BTC) price: approximately $11862.94 Ethereum (ETH) price: approximately $207.61 The data provided by AI can only be said to be relatively accurate From the current perspective, almost all of ETH's narratives have been falsified Except for Defi, which has not been falsified, its innovation and decentralization are still irreplaceable in ETH However, in terms of revenue, user base, and activity, ETH has been completely crushed by Solana If compared to BTC, one is SOV, which cannot be valued or counterfeited One is the application public chain, which can be valued and completely falsified without SOV utility The cheapest thing that can be valued, with visible growth expectations, only RWA can save ETH in the short term However, RWA and Perp also show strong competition from their rivals Solana to the naked eye As for the AI track, the ETH series is completely crushed Things without a price tag are the most expensive, such as emotions. For example, if you want to pursue Liu Yifei, how much money is useful? It's useless, it depends on fate Something with a price tag is cheap, such as a commodity And what about a Ferrari? If you have enough money, you can definitely easily get it ETH has completely become a valuable application-oriented public chain, with Solana as its benchmark In other words, ETH, as an uncontrollable decentralized public chain, is slow and stable Solana, as a high-performance and relatively centralized public chain, is highly likely to become the most supported public chain by US capital and government The current price of ETH is more than three times that of SOLANA, which is unreasonable. However, the exchange rate is converging and gradually returning in value Since 2019, BTC has increased by 8 times, and ETH has also increased by nearly 8 times. In the meantime, ETH's SOV+decentralized world computer has been thoroughly falsified Is it a rebound or a complete continuation of a 20% decline? I think from a short-term emotional perspective, there is still a high possibility of further decline Continue Short to ETH/BTC and return to where the dream started Something that can be priced should be returned to its rightful price LST re staking has accelerated the end of the final narrative, and now let value return! Remember, any emotion and hot topic can have a short-term impact on prices, but in the long run, value will return