Has Ethereum's technology gotten better? Not really
Is his on-chain thriving now? Not really
Has his GAS skyrocketed and started to deflation? Not even so
But whether it should rise or rise, the currency circle really has nothing to do with fundamentals, it is only related to consensus, capital, and macro water release, which is related to these.
To tell a bad joke, many people look at the long-short ratio, Ethereum has skyrocketed, and the number of long-short ratios is still extremely high... When it falls, it is extremely high, and when it rises, it is also extremely high.
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