ETH this big pump, the fundamentals haven't really changed, TVL hasn't increased significantly, GAS hasn't surged, developer activity is mediocre, and on-chain transactions haven't "returned to prosperity."


But institutions are buying, ETFs are being approved, narratives are being hyped, so prices are rising, but not due to on-chain prosperity, rather because of off-chain stories.
Understand this point clearly: short-term trading is driven by emotions, while long-term investing focuses on fundamentals. ETH is not without value; rather, the current rise is not value-driven.
ETH0.02%
GAS-0.43%
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Yunxuanvip
· 07-21 07:12
The recent big pump of ETH is not driven by fundamental changes; TVL hasn't significantly increased, GAS hasn't spiked, developer activity is mediocre, and on-chain transactions haven't "returned to prosperity."
However, institutions are buying, ETFs are being approved, and narratives are being hyped, so the price is rising, but it is not due to on-chain prosperity, rather it is driven by off-chain stories.
Understand this point clearly: short-term trading relies on emotions, long-term looks at development. ETH is not without value, but the current rise is not value-driven.
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8275vip
· 07-21 00:20
ETH's big pump this time is actually not driven by fundamentals, as the TVL hasn't significantly increased, GAS hasn't surged, developer activity is mediocre, and on-chain transactions haven't "returned to prosperity".
But institutions are buying, ETFs are being approved, and narratives are being hyped, so the price is rising, but it's not based on on-chain prosperity, rather it's relying on off-chain stories.
Understanding this point, short-term trading is based on emotions, while long-term views focus on construction. ETH is not without value, but the current rise is not value-driven.
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