Bear case on Eth
This post challenges Ethereum's previous dominance in alt seasons because of its alleged stagnant innovation, leadership issues, and reliance on L2s, all of which have led to an overvalued market cap without clear new use cases to drive demand. Although traders may hope for an ETH pump to trigger an alt season, the reality is that market cycles evolve, and successful projects like Solana and tokens with strong fundamentals (e.g., AAVE) are already outperforming the general market by catering to real user demand.