Although the whole market is red, I'm very much afraid of holding ETH now. In my opinion, ETH was fluctuated to its ATH when people were more interested investing in ICO. Nowadays ICO is almost dead. That is why it has less demand. I don't think it will get another ATH soon.
What's your thoughts on it?
ethereum come back from the bottom because of the hype on defi project man, and as you can see now the price already cross $500 level
and i'm really sure if ethereum will reach about $1000 before this year end
I don't think it's because of Defi, the Ethereum Hype managed to come because of the Hype of Ethereum 2.0,
and I also saw CZ shrank on Twitter that he invested in Ethereum, of course this made Ethereum bullish.