At the end of the article on Friday, many readers left messages asking about Ethereum, which surprised me a bit.

Because in the recent period, I have written far more articles on Ethereum than on Bitcoin, and in both these articles and the previous online exchange, I have clearly shared my views and practices on Ethereum.

In the article "Can Ethereum Rise Again? Interpreting the Core Values of Ethereum" published on January 24, I believe:

"Ethereum's decentralization is not a problem for the time being, the team and ecosystem have been affected to some extent, but there is still an opportunity to recover. I still believe that this young founder can lead his team and lead Ethereum out of the current predicament and solve the problems encountered in its development."

In the article "Under Pressure, Does Ethereum Compromise or Persist" published on February 21, I stated:

"I am now particularly worried that Vitalik may succumb to the influence of some concepts from the community, yield to the current trend of coin prices, and cannot withstand a certain kind of pressure, and adopt some measures to abandon the ideal and pursuit of decentralization in order to 'pull up' Ethereum's price in the short term."

In the article "Decentralization is the 'Moat' of Blockchain" published on February 24, I shared some of Vitalik's views in an interview at the time, and clearly expressed my appreciation and agreement with some of his key views.

In the article "Vitalik's Outlook on Ethereum's Future" published on February 25, I believe that many of the views and development directions he mentioned in the interview are what I agree with, and have also made me put down some of my previous concerns and doubts.

In the article "Will Ethereum's Market Cap Exceed Bitcoin's in the Future" published on March 5, I clearly shared my view:

"I still believe that Ethereum's total market cap will one day exceed Bitcoin's."

In the article "In the Next Period: Only Invest in BTC and ETH" published on March 6, I wrote:

"I will only choose two investment targets: Bitcoin and Ethereum."

In the article "Risk Management in Extreme Market Conditions: Rethinking Cross-Cycle Asset Allocation" published on February 28, I wrote very directly:

"For Ethereum, as long as it is below $2,500, I will restart my investment."

In the previous online exchange, there was also an audience who asked such a question, the gist of which was:

If AI applications are about to explode in the crypto ecosystem in the future, what tokens might explode?

I remember I answered it like this at the time:

I don't think it's easy to say what specific tokens might explode, it could be what we see now, or it could be new ones in the future.

Although it's hard to judge what the tokens will be, I guess the platform where AI applications are likely to explode is probably in the Ethereum ecosystem. But the specific network that will explode is unlikely to be on the mainnet, but more likely on the second-layer expansion or third-layer and fourth-layer expansion.

Because the Ethereum mainnet is not suitable for high-frequency, micro-transactions, while the second-layer or multi-layer expansion can meet this demand.

At the time, I also cited the latest progress of the BASE second-layer network: it can shorten the execution of transactions to within 200 ms, which will outperform Solana, which is currently 400 ms.

Whether the claim of the BASE team is reliable is still hard to verify now, but one thing I believe is:

With the continuous iteration and upgrading of technology, the improvement of second-layer network performance or the emergence of higher-performance second-layer networks (such as MegaETH) is inevitable.

So in the future, the second-layer or more layers of networks will certainly be able to support high-frequency, micro-transactions, while the Ethereum mainnet will mainly focus on decentralization, in order to ensure security, maintain neutrality and resist censorship.

All the above views are my views on Ethereum and the Ethereum ecosystem, and I have not changed these views.

So for other investors, is Ethereum suitable or not?

That's up to the investors themselves.

If you are not optimistic about Ethereum, I think it's better to sell it now. Because there's no need to hold something you don't believe in. In addition, my consistent view is not to let the assets you hold interfere with your life and affect your emotions. Even if it's Bitcoin, if investors feel uneasy holding it, they should sell it without hesitation.

If you are optimistic about Ethereum, at the current price (as of the time of writing) of less than $1,900, I really don't see any deep and unfathomable risks. Moreover, the lower the price of Ethereum, the more you should be happy.