First of all, it must be admitted that #ETH 这轮牛市的表现非常的差劲，尽管是今年最FOMO的时候，流通也仅仅只有 # BTC's 25%, in the previous Bull Market, ET and BTC could circulate in equal amounts! Currently, there are two possibilities for the existence of ETH.

1: Capital has not abandoned ETH, but is gearing up for a big opportunity! However, after layers of suppression, I personally feel that this possibility is very small! Perhaps this is the aftermath of ETH exiting the POW mechanism from the Bear Market!

2: The bull market is probably not over yet. The majority of project parties in the market need to consider their own situation. They will probably raise funds to create a wave of fear of missing out (FOMO) sentiment for ETH, in order to cooperate with the operation of their own token market making. However, the sustainability will definitely not be very good!