During the bull run in 2021, the peak market capitalization of BTC was nearly 1.3 trillion, while Ether was around 520 billion at the same time, about 40% of BTC. Now, the market capitalization of BTC has reached 2.5 trillion, doubling from the last round; Ether's total market capitalization has just surpassed its previous high, reaching 570 billion. If we still calculate based on the 40% ratio, the reasonable price of Ether, based on the current price of BTC, is approximately 10,000 dollars.

The deflationary logic of Ether remains solid: the fee burn brought by EIP-1559 + low issuance from PoS makes its long-term inflation rate close to that of gold, and it has already achieved net deflation at certain stages. In the future, if network activity increases, on-chain fees rise, ecosystem expansion occurs, and staking lock-ups grow, coupled with the feedback mechanisms of L2 and RWA, the deflationary expectations will be further amplified.
The market is easily influenced by emotions when at a low point, treating long-term logic as empty talk and neglecting core values. At high points, people follow the trend and become bullish, while at low points, they follow the trend and become bearish, making it difficult to align cognition with execution. The real advantage lies in consistently translating what is "known" into action over the long term, rather than swaying with emotions. The principle is simple: only those who can execute will reap the results. #打榜优质内容#