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DSWL74 : it keep dropping.... what is the bottom price? when will go up?
Kevin Matte OP DSWL74 : I hope the price doesn't go any lower! Otherwise the next support levels are 1850, 1700, 1500...
10baggerbamm : ethereum is shit it's garbage the result this past weekend's announcement by President Trump of establishing a reserve well ethereum is down 10%, so this is garbage plain and simple.
the theft of a billion and a half dollars that still hasn't been liquidated you have a shit CEO of binance who's a fucking snake and cannot be trusted this scumbag is the one that crushed ethereum by selling 99% of Binance holdings in a single day . he's never addressed publicly why he has done it and there's no logical reason whatsoever why you would collapse the market with a massive liquidation unless either the company was insolvent ually his life or a family members life was threatened and he needed to come up with a shit ton of cash very quickly or he entered into a very bad business deal elsewhere that went South extremely quickly and he need to put his grubby hands on a lot of money very quickly in order to make good on a bed transaction
at any rate ethereum is garbage it's basically a worthless meme coin at this point in time
everybody you keep saying altcoins are going to rally you had the biggest catalyst for a rally which would be president Trump saying he's going to establish a crypto reserve and the heart of it is going to be Bitcoin and ethereum yet the end result is aetherium drops by 10% on that news this week.
I wish I never bought this shit it's fucking garbage that's slime ball that started it can just print an issue however much he wants and flood the market.. owning this crap is like death by a thousand cuts
Josh Lew 10baggerbamm : The crypto market is beginning to look more like a casino... Go ahead and play just remember the house always wins
Kevin Matte OP 10baggerbamm : I understand your frustration and disappointment with Ethereum’s recent fluctuations, but it’s important to take a step back and analyze the situation with solid facts rather than reacting emotionally. Ethereum, far from being "garbage" or a "meme coin," remains the most used and innovative blockchain on the market. Let's objectively compare it to Bitcoin and other altcoins.
Bitcoin is slow and expensive to use (10 minutes per transaction on average, high fees).
Bitcoin doesn’t support smart contracts (only limited solutions like Stacks try to add functionalities).
Bitcoin has almost no adoption in Web3 applications, DeFi, or NFTs.
Bitcoin is inflationary in practice until 2140, while Ethereum burns ETH continuously via EIP-1559, making it potentially deflationary.
1. Ethereum is much more than just a speculative asset: It’s the backbone of Web3
Unlike Bitcoin, which is primarily a store of value, Ethereum is a programmable infrastructure that powers decentralized finance (DeFi), NFTs, smart contracts, and much more. Today, over 60% of real crypto activity runs on Ethereum, making it a fundamental asset for the sector's future.
Bitcoin, as solid as it is, has virtually no utility beyond storing value. It’s like comparing physical gold to the modern internet—Ethereum is a functional ecosystem, whereas Bitcoin remains a static store of value.
2. The impact of Binance's sales: A non-event in the long run
You mentioned Binance’s massive ETH sell-off as proof that Ethereum is "garbage." In reality, this sale has nothing to do with Ethereum’s viability. Large firms and investment funds regularly rotate assets, and Binance is just one player among thousands.
Binance sold its ETH? Okay, but other institutions are buying it in bulk.
Funds like BlackRock, Fidelity, and JPMorgan are actively exploring Ethereum, which is a strong institutional signal.
If a single one-time sell-off was enough to "destroy" an asset, then the same would apply to Bitcoin, which dropped 80% in 2018, or the S&P 500 during the 2008 financial crisis. Markets are cyclical, not "dead."
3. Ethereum vs. Bitcoin: Why ETH has more potential
Sure, Bitcoin remains dominant, but it has major limitations that ETH doesn’t:
Ethereum is therefore far more adaptable, scalable, and functional than Bitcoin. In the long run, an asset with real utility is more likely to grow than something static.
4. Altcoins are far riskier than Ethereum
You’re talking about ETH as if it were a "meme coin," yet other altcoins are the real risks:
Solana? Frequent network crashes, extreme centralization.
Cardano? Lots of promises, but near-zero adoption.
Dogecoin, Shiba Inu? These are actual meme coins with no real use case.
Ethereum, on the other hand, is the market standard, with thousands of active developers, constant updates, and an ecosystem that continues to attract major institutional investors.
5. The market's reaction to Trump’s announcement: Nothing surprising
Trump’s announcement of a "crypto reserve" featuring Bitcoin and Ethereum could have been a bullish catalyst, but markets don’t work that simply:
The market had already priced in the announcement, and ETH had risen beforehand.
Bitcoin and ETH are correlated to macroeconomic conditions, and overall selling pressure affects the entire sector.
Ethereum experiences more fluctuations because it’s an active ecosystem, unlike Bitcoin, which is more stable but also less dynamic.
Conclusion: Ethereum is a long-term investment
You're frustrated by the current drop, but if we look at ETH's history, it has seen even harsher bear cycles before skyrocketing again. Large firms and investors don’t focus on daily price movements, but rather on fundamentals.
Despite its challenges, Ethereum remains one of the most promising assets in the crypto market. Unlike risky altcoins and actual "meme coins," ETH is the foundation of decentralized finance and Web3. Those who panic-sell today are the same ones who will regret underestimating its value tomorrow.
If you’re truly convinced that Ethereum is a "garbage coin," then go ahead and sell everything… But in a few years, when ETH is potentially at $10,000 or more, you might look back at this conversation differently.
I wish you the best in your investments, but think carefully before drawing hasty conclusions!
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