Fascinating to see Eth slowly collapse, with only the truest of believers remaining faithful, and the rest of those chasing the "next hot thing" moving from Eth to Sol / BTC.
Is ETH really collapsing?
I would say Eth is undergoing a slow gradual decline, rather than a "collapse". But this decline trend vs BTC has continued for over 3 years now, and it seems set to continue.
Maybe this is more appropriate to use than collapsing. because after all, the development of ETH is quite certain, it's just that since its price soared a few months ago to touch more than $ 3,700 in July, along with the increase in BTC, but until now, the change in ETH price has been very slow.
The price of ETH at that time fell quite quickly following the movement of the Bitcoin price. However, when the price of BTC rose again to almost $ 7k, the movement of ETH was not as smooth and easy as that. The proof is that until now, the price of ETH is still far below $ 2,500 and has the potential to drop too. But I still think that it is not a calm collapse and down gradually and extremely, it's just a matter of time before ETH will rise again optimally and exceed its ATH.
https://coinmarketcap.com/currencies/ethereum/but to be honest, when compared to the movement and development of its competitors, ETH does seem quite slow, even in terms of technological and network development, its competitors are much more significant, however, ETH is still ETH, which is always the top valuable altcoin to have, and will be very different from other altcoins, especially those that are just hype.