Ethereum has been one of the worst investments in crypto since its pico top in 2021. If you bought then, you're down 60%+. 

ETHBTC revisiting levels not seen since Dec 2020 right before it ran to its ATH against USD. This was also a critical level right before the 2017 run to its previous ATH against USD. 

If it's gonna bounce, it needs to bounce here. Historically, ETH/BTC lows have preceded USD highs, but this time? It doesn’t look likely.

- ETH has never put in new highs against BTC
- No ATH against USD this cycle, with key resistance at ~$4082.
- A multi-year downtrend on waning volumes 
- Seemingly bottomless RSI, oversold into oblivion and illustrating immense weakness.  

If you're long-term bullish on ETH you're praying for a mean reversion at best right now. But that would rely on major catalysts driving volume into a renewed alt szn.

Looking for analytics/gaming/web3 role! Please DC ❤️


 @madisonsommer.eth’s gimp

The thing is, Ethereum can likely live on even if it’s not a sound investment. 

The infrastructure and developer adoption is still essentially unmatched. It’s battle tested and the amount of liquidity throughout the ecosystem is staggering. 

Solana may eventually get there but they need to solve some critical problems like reliability.

Also, in all seriousness, which chains do you think are going to be picking up where ETH left off in terms of onboarding/usage/liquidity?

SOL is the obvious answer it appears. I've also tried selling you on SUI. Just curious your thoughts

i’m the dude. i make art. i make memes. and, now i make passive income on farcaster.

fwiw i don't think eth's decline in price is related to a lack of fundamental value. it's still probably one of the most important pieces of technology on earth. i'm just not going to buy it unless i need to use it for something (i.e., its value is its utility)

oh so I'm suppose to use the centralized VC chain with filled with memecoins instead????????