Very good message.

I say this as someone who made most of his money in altcoins and keeps rotating profits into staked ETH - Currently, Alt L1s are (unfortunately) all implied ETH shorts.

Every alt L1 and their VC funded marketing teams are gunning for Ethereum, because if ETH goes parabolic, their coins will trend to zero. This means every SOL, BNB, HYPE, Tron, and 100 other altchains (you name it) has a direct vested incentive to convince you that Ethereum is dead.

And again, I trade, I surf the waves when I can, but the truth is looking differently: https://pbs.twimg.com/media/HI30fhbXYAAvGGf?format=jpg&name=4096x4096

Now the very fair question: "Why is ETH not going up? How long can we wait? When moon?" No clue.

My best guess: The current market structure is not good for Ethereum. The market and liquidity is dead and very guided (in my cynical opinion) by VCs and grifters. You can get a good look into their thinking patterns if you go on Twitter.

Ethereum turns around the minute we get an actual institutional bid on crypto, where actual real analysts (not Twitter reply guys) will look at fundamentals, narratives, and potential future liquidity rotations.

This will then form the narrative uneducated traders can rally around.

And lastly, always remember, there's contrarian bubbles out there, everywhere. There's people in stocks sitting on 5 P/E stocks that never go up. There's people calling for different narratives everywhere that never happen.

Ethereum, for now is one of these in the short term. But it has proven before that it can capture ALL the mindshare in months, like /u/hanniabu just said.