Ethereum ETF loses money for 10 consecutive days: Even Vitalik wants to give the market a "read and ignore" message?

Once upon a time, Ethereum was the "rich and handsome" in the crypto world: capable of smart contracts, understanding DeFi, and even storytelling with AI. Now, with the ETF losing money for 10 days in a row, market sentiment has fallen so low that even Dogecoin players start comforting ETH holders: "Bro, hang in there."

Many people have realized a harsh reality: institutions buy Bitcoin for hedging; buying Ethereum requires understanding Layer 2 first, then studying Gas fees, and finally grasping staking yields. Wall Street managers, who are not good at math to begin with, now have to learn blockchain architecture, and end up saying, "Maybe I should just buy gold."

What's more embarrassing is that the Ethereum ecosystem is increasingly resembling a large startup park: many projects, exciting stories, huge funding, but few that actually make money. Retail investors rush in like attending a startup pitch, full of enthusiasm; they leave feeling like they just paid tuition.

However, ETH's problem has never been "lack of value," but rather "value too ahead of its time." The market now prefers simple and straightforward narratives, such as "nation buys BTC," "ETF surges," "president supports crypto." In comparison, Ethereum talks about technology, like a PhD thesis; Bitcoin shouts slogans, like live-streaming sales. In the internet age, the latter often wins faster.

But don’t forget, every time the market pessimizes about ETH, it suddenly surges unexpectedly. Because there’s a rule in crypto: when everyone starts mocking a coin, it might be close to a big rally. #Gate广场披萨节