#以太坊投资机会 Seeing Yi Lihua and Alex's viewpoints, what comes to mind is a timeline.

During the 2017 bull market, many people said Bitcoin was a bubble, and Ethereum was even more of a fantasy. I remember how intense the debates were—insufficient computing power, network congestion, Gas fees soaring to ridiculous levels. But those who persisted now have stories to tell. When the bear market hit in 2018, many exited, while true believers bought the dips.

Now, in this moment, in some ways, it resembles those historical milestones. When whales continue to buy and industry consensus begins to form, it often indicates something—market sentiment is transitioning from extreme pessimism to rational recovery. Yi Lihua emphasizes "risk control and risk-reward ratio," which is nothing new, but raising it at this time suggests that deep holders have already reassessed the fundamentals.

However, Alex's words are even more worth pondering. Ethereum has indeed fallen behind in certain metrics over the years, which isn't a bad thing but a signal. History has shown me that ecosystems that can listen to criticism and maintain a sense of crisis are the ones that can truly survive the next cycle. Complacency has destroyed many once-shining projects.

The significance of this buying window isn't about how much it can rise in the short term, but whether you still believe in the long-term resilience of this ecosystem. Those decisions to accumulate at the bottom often reveal their true value only after five years.