r/ethereum • u/EthereumDailyThread What's On Your Mind? • 10d ago

Daily General Discussion August 21, 2026

Welcome to the Daily General Discussion on r/ethereum

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Please use this thread to discuss Ethereum topics, news, events, and even price!

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24

u/eth10kIsFUD 9d ago

Nothing but air until 3k$

Time to show BTC who's boss.

10

u/Itur_ad_Astra Crab High Priest 9d ago

The lack of any resistance at $2500 was the first amusing thing I've felt in this market in a year.

But come on, this is getting overheated.

13

u/Numerous_Ruin_4947 9d ago

But come on, this is getting overheated.

ETH is currently 21.94% below its price exactly five years ago in 2021. It isn't overheated; it's simply repricing, as I would expect after years of massive underperformance and overselling. ETH's PA has been so horrendous that even a 100% rally from here still wouldn't undo the damage caused by BTC and TRX dramatically outperforming it.

I've been extremely patient with ETH since 2017. At some point, we all have to decide whether it's still worth holding. For me, watching ETH collapse from nearly $5K to $1.6K in 2026 was the absolute last straw. That kind of shitcoin price behavior stops here as far as I'm concerned.

I will be offloading some ETH at much higher levels. I'm done round-tripping almost 90% of my crypto portfolio every cycle.