After months of uncertainty and negative headlines that question the future of Ethereum, the community of the project cooked by Vitalik Buterin does not seem inclined to withdraw their trust. Instead, skeptics have recovered some illusion, while the usual defenders always reflect that their reasons to continue believing have not suffered alterations of any kind … Many argue that it is still a great opportunity to buy.
They are not simple times for Ethereum. In the last six months, its value has fallen more than 24% according to data of tradingview. In fact, at the end of April, it quoted more than 60% below its historical maximum – something more than USD 4,800 in November 2021. To this are added companies that begin to turn their backs to products linked to cryptoactive and a little encouraging performance of their ETF, which has generated that in social networks it is not an anomaly Read calls called to Vitalik Bugerin so that Claudique, under the slogan that “Bitcoin has already won.”
Although it has been the center of some recent criticism, it is worth noting that Vitalik Buterin remains focused on the long term, so he recently proposed a change of philosophy for Ethereum: to return to simplicity. In his “Simplifying L1” essay, published only a few days ago, the co -founder admits that the project has become excessively complex, which makes each update more expensive and increases the risk of errors. Inspired by Bitcoin’s minimalist architecture, he raises A five -year plan to purify the protocol base layer: From adopting simpler bifurcation rules and standardize formats, to replace the EVM (Ethereum virtual machine) with a virtual machine compatible with zero knowledge tests, such as RISC-V.
Despite some last difficult months, the community continues to have unconditional users and news continues in the form of updates. In recent days, two themes have dominated the conversation on social networks: on the one hand, the launch of their most recent update, sin, considered by some as a possible turning point for the network – as cryptootics reported; on the other, the upturn In the price of ETH. According to numbers of tradingView, Ethereum has appreciated more than 58% in the last monthand at the time of writing this note its value is USD 2,339.
In a thread Reddit corresponding to the daily discussion of the Ethereum community, very enthusiastic reactions can be read. The user BTBL1for example, commented that “Now is the best time to buy” and said that “ETH will continue to rise until we reach USD 4,000.” He also noted that those who did not take the opportunity to buy at USD 1,500 or USD 1,800 can still do it below USD 3,000, a price that, in their opinion, remains a bargain.
In the same line it was shown Insuranceguyquestionwho said that “Eth is still extremely undervalued and that he still has a lot of growth margin.” The truth is that you have to give some credit to these opinions that speak of undervalued value, then The behavior of the so -called long -term holders or holders has been resilient. After reaching a value of USD 4.107 in December 2024, the price of Ethereum fell to USD 1,866 in March this year. However, far from liquidating their positions, these investors redoubled their bet and increased their holdings by more than 22%, from 15.5 million ETH to 19 million, all this between March and May. For some analysts, this behavior reflects a strong conviction in Ethereum’s potential.
For its part, the user JUSTOSUIKERO He stressed that “the price rose to USD 2,300 as if nothing” and anticipated that “The next stop will be the USD 2,900”. In another thread, NUMBER_RUIN_4947 He commented that, despite the difficult moments, he has always maintained his confidence in ETH. As he explained, he felt relieved to see that both the supply of the cryptoactive in staking and the number of validators remained stable, even in front of the considerable FUD (acronym in English of fear, uncertainty and doubt) that recently circulated in the market.
Beyond the figures and technical updates, which supports a project like Ethereum in the most uncertain moments It is the strength of your community. The conviction of those who continue to build, discuss and support the ecosystem, even when the panorama seems unfavorable, is a factor that cannot be underestimated. We will have to see how ETH continues to evolve.
