The #eth has fallen in the past few days, and some people have broken down their faith again? Some opinions and data are shared with you, hoping to recharge your faith: 1. This round of ETH is a pure capital-led rise, and it is now the standard early stage of the treasury competition. Because the first and second places only have a scale of 300,000 coins (about 1 billion US dollars), this scale is not enough to form a monopoly position, and there is no deterrent effect on latecomers at all (many large households have 10-200,000 coins alone). 2. The competition for first and second place is a stud game, the loser will have nothing, and one million eth is only the threshold of this war, so SBET and BMNR cannot stop buying now. Referring to the ETH/BTC market capitalization ratio and the market value of BTC reserves of Strategy, 2 million + is possible. 3. As far as I know, there are at least 7-8 listed companies around me that are about to start an ETH treasury strategy, and each company has an initial capital of hundreds of millions of dollars. 4. Price determines value, and when the price of ETH changes qualitatively, its ecology will also change. Don't forget that this is a deflationary chain.