I've seen ETH sentiment this bad three times.

2016 - after the DAO hack they said smart contracts will never work but tokens were about to be a killer app

2019 - two years of bleeding they said ETH was a worthless gas token but DeFi was building

And now...

2024 - a half cycle of underperformance they're saying ETH is old tech and L2s are parasitic but Ethereum is on the cusp of becoming a federated union of chains

It's once again unpopular to believe ETH is money.

Lovely opportunity.

Contrarian bullish is how you earn the gains.

each of those times there was plenty of time for dust to settle