Ethereum has been underperforming compared to the broader crypto market, and the ETH/BTC pair is experiencing multi-year lows. This has led to speculation that "Ethereum is dead". However, market analysts argue that specific on-chain metrics suggest this is a myth and anticipate a potential price rally for ETH.
Supporters of Ethereum counter the negative sentiment with data that demonstrates bullish indicators for the ETH market. These optimists are confident in a potential surge, despite current market conditions posing a seemingly bleak outlook for Ethereum.
