#我在Gate广场过新年 Long-term Perspective: At this price level, Ethereum is basically unshoppable!

Recently, the crypto market experienced a sharp decline, with the ETH/BTC exchange rate once touching 0.0237, hitting a nearly 5-year low. The price has almost returned to the level before the 2020 bull market started. Starting from September 1, 2022, ETH against BTC has fallen a total of 73%. Such a deep correction has only occurred in 2018-2019 in history, and after that major drop, a clear mid-term bottom was formed.

Currently, market sentiment is extremely pessimistic. The valuation of most altcoins has fallen below the 80th percentile of historical levels, and prices are still below the 90th percentile. The overall valuation level has basically returned to the state when Bitcoin was at $15,500. More and more people are beginning to believe that "only Bitcoin has ultimate value," while other public chains and tokens will become passing trends. The market is shifting from valuation kills to logic kills.

But history never lies: when a sector is completely discredited and its logic is thoroughly crushed, it often marks the bottom of the cycle. I always insist that only about 5% of altcoins have long-term value; they are true leaders in their respective sectors. Ethereum, in particular, is an irreplaceable core asset in the public chain space.

Rebuilding confidence in a bear market is always a long process. There may be second or third lows, but these are precisely the windows for phased deployment.

Don’t worry about short-term fluctuations. From a long-term perspective, Ethereum’s current price level is definitely a good entry point. Hold onto quality leaders, patiently wait for the new cycle, and time will reward those who stick to their value.

⚠️Risk Reminder: This article shares market opinions and does not constitute investment advice. Crypto assets are highly volatile; make decisions rationally and control risks strictly.