Hot take: $ETH at $2,100 is either the generational buy of 2026 — or the biggest trap in crypto history
The bulls: new users up 82% this quarter, whales pulling ETH off exchanges at record pace, stablecoin supply hitting $180B ATH. Arthur Hayes says 50 ETH makes you a millionaire by 2028.
The bears: ETH/BTC ratio down 68% from the 2021 peak. $SOL processing 130x more transactions per month. $2.4B in ETF outflows this year. Death cross confirmed on the daily chart.
Both sides have real data. That's what makes this so dangerous.
Is $ETH the generational buy of this cycle or a slow bleed to irrelevance? 👇