Has the recent fall of #eth# caused some people to lose their faith? Here are some viewpoints and data to share with everyone, hoping to help you deposit your faith:

1. The recent rise of ETH is purely driven by capital, and we are now in the early stage of a treasury competition. Because the first and second places only have a scale of 300,000 coins (approximately 1 billion USD), this scale is insufficient to form a monopoly, and it has no deterrent effect on later entrants (many large holders have 100,000 to 200,000 coins individually).
2. The competition for the first and second place is a high-stakes game, and the loser will end up with nothing. One million eth is just the threshold for this battle, so SBET and BMNR cannot stop purchasing now. Based on the eth/btc market cap ratio and the btc reserve value of the strategy, having over 2 million coins is possible.
3. As far as I know, at least 7-8 listed companies around me are about to start the ETH treasury strategy, with each company having an initial capital of several hundred million U.S. dollars.
4. Price determines value. When the price of ETH undergoes a qualitative change, its ecosystem will also undergo a qualitative change. Don't forget, this is a deflationary chain.