V God flipped the table, all ETH Layer 2 projects are officially over! ETH and L2 holders must see! Ether is only worth 1800!
This morning, Vitalik Buterin delivered a lengthy speech, with the core message being one sentence:
Ethereum Layer 1 is expanding, transaction fees are already very low, and the original vision and role of L2 are no longer applicable. Moreover, L2 is the most core development direction in the ETH ecosystem from 2020 to 2024. Now this main storyline has been declared over by him.
1. What does this mean?
OP / ARB / ZK / STRK / POL / BLAST these L2 projects have had their long-term logic directly siphoned away, and the root of their existence is gone. The long-term value is basically equal to zero.
The story of ETH in the past was: mainnet + L2 = infinite expansion.
Now it has changed to: the mainnet is sufficient, L2 can exit the stage.
This is not an upgrade, but the end of the growth story.
2. ETH has been issued for 8 years, spanning my entire career in the cryptocurrency industry.
Last year, I predicted in advance and provided the main buying and selling points for ETH, and I have repeatedly elaborated on Ethereum's core issues.
Today, I will only say one truth:
V God is a world-class computer scientist and cryptographer, but not a qualified leader.
And this determines Ethereum's upper limit, and directly affects ETH's price performance at critical moments.
3. Look at the whereabouts of Ethereum's early core figures:
Gavin Wood → DOT
Charles Hoskinson → ADA
Joseph Lubin → MetaMask (not issued)
This is not a coincidence, but an inevitable result of V God’s long-term lack of leadership and sense of direction.
Coupled with the fact that last year when ETH dropped to just over 1300 dollars, the foundation was still selling small amounts of coins, and recently during a major drop I was still selling coins and releasing long-term bearish views, ultimately leaving only one thing to say: the technology is correct, the market is bleeding.
5. The real application of Ethereum cannot support high valuations.
The current applications of Ethereum are still very limited, mainly driven by capital and financial attributes.
Last year’s ETH surge ≠ application explosion;
The real reason is only one: ETF + Wall Street strategic reserve companies.
The story is grand, but the fundamentals have not kept up.
6. Reasonable pricing judgment for ETH - several key anchor points:
Last year's low point: 1385, combined with historical K-line structure, plus Tom Lee's endorsement.
I believe 1800 dollars can be regarded as an acceptable price range for ETH spot investment.
#V神卖币 #eth #l2 $ETH $OP $ARB