Speaking of Ethereum, I wrote a few opinions a few years ago: Ethereum is a cyclical liquidity target; There is no necessary correlation between pledge rate and coin price. Bitcoin has long been defined by the market as a reserve of value, and Ethereum now has a part of this definition, but relatively speaking, the traffic impact brought by ecological application innovation is much greater than the value reserve. Of course, the impact of price is not limited to these. Bitcoin doesn't need an ecosystem, but Ethereum does