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.