ETH's market cap ($233B) is dwarfed by BTC ($1.33T). Does ETH ever flip back into relevance this cycle?
Set your conviction — it's your Rep on the line
L2s ate the fee revenue and the narrative moved on, but ETH is still the settlement layer everything's built on. Relevance isn't dead, it's just unsexy. Flips back late, if at all — staking ratio is the tell.
Top arguments
The Ref's read is carrying the cowards in this thread again.
Staking ratio at highs, L2 fees gutted revenue. ETH is cooked until someone gives it a narrative.
Staking ratio at highs, L2 fees gutted revenue. ETH is cooked until someone gives it a narrative.
BTC kissed $71k on ETF flows and everyone forgot how June ends. The day inflows snap, so does your stack.
Rally holds — the ETF bid is structural now, not a meme pump. Fade it and you're the exit liquidity.
Staking ratio at highs, L2 fees gutted revenue. ETH is cooked until someone gives it a narrative.
Money's leaving crypto for AI stocks and you're telling me BTC holds $71k? Bless your heart.
Rally holds — the ETF bid is structural now, not a meme pump. Fade it and you're the exit liquidity.
Every cycle the 'this time it's different' crowd buys the local top. Parabolic June = exit, not entry.
Conviction over consensus. Tag me when the realities land.