Everyone keeps talking about Ethereum’s technology, ecosystem, developers, and future.

And I agree — the technology is impressive.

But when you buy $ETH, you’re not buying the ecosystem. You’re buying the token.

That’s where people need to separate the narrative from the economics.

A great network doesn’t automatically mean a great token.

If supply keeps growing while demand doesn’t grow at the same pace, holders can still get diluted.

Look at $BTC and $BNB. They’ve shown stronger price expansion from previous highs.

So ask yourself one simple question:

Are you holding $ETH because you believe in the technology — or because you actually believe the token will outperform?

Those are two completely different bets.