Ethereum at Crossroads: Underperformance Fuels Doubt But Strong Fundamentals Remain
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Due to Ethereum's underperformance compared to Bitcoin recently, some believe Ethereum is "dead" while others say the bull run hasn't started.
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Ethereum is trading at an 18-month low against Bitcoin and has underperformed competitors like Solana.
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However, Ethereum still has strong fundamentals like $26B in total value locked and more revenue than Solana and Avalanche combined.
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Some analysts predict further declines for Ethereum, but community members argue it's still early and Ethereum is here to stay.
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Ethereum has issues to address like high fees and slow transactions, but as the second-largest crypto, it retains strong network effects.