More people are buying ETH

[Abiky]

If people are buying ETH the the demand should increase not decrease, that proves the statement isn't real. And price volatility is not a feature nor a bug, it is just the reaction of market's movement as per human emotions.

If ETH hasn't been able to experience new highs, it means that demand for it is low. Not even institutional investors' involvement with it has been any help. I'm sure this has to do with the fact that competing chains (eg: Solana, BNB) are much cheaper and faster to use than ETH. The world's second-largest cryptocurrency by market cap may have the largest liquidity, TVL, and De-Fi ecosystem, but other chains have a better user experience. Vitalik and team must come up with something new that would "blow" its rivals "out of the water". Otherwise, I don't see any future for ETH.

All of the eyes are on Bitcoin right now. And for obvious reasons. It's the first crypto that started this craze, and it's also "Digital Gold". What does ETH have that would attract both retail and institutional investors? Nothing other than serving as "gas" for smart contracts. Hopefully, things change for the better in the long run. We'll see what happens...

[Akbarkoe]

The opposite of what you think is happening, because currently since the price of Ethereum coin is being corrected, everyone is selling more than buying. In this new year, the price of Ethereum coin was 3k plus dollars but in February, it has almost halved and the price of Ethereum coin has now moved to 1951 dollars. So since the selling pressure is high, I think it is natural for the price of Ethereum to decrease.

Yes, you are right, my friend, ETH itself had a hard time printing a new ATH in the last cycle, meaning there were not more buyers than in the previous cycle, in fact Vitalik himself sold his ETH, and this selling pressure on Ethereum is not without reason because the market now sees that what Ethereum and its ecosystem have an opportunity to be caught up by other altcoins in terms of utility and ecosystem, especially since many other altcoins are better in terms of greater scalability and also cheaper gas fees on their networks, it is not surprising that selling pressure is higher, especially facing a bearish season.

[dwyane36]

What does ETH have that would attract both retail and institutional investors? Nothing other than serving as "gas" for smart contracts. Hopefully, things change for the better in the long run. We'll see what happens...

The statistics suggest otherwise. If you look at the Ethereum validator queue, you will see that many people are interested in ETH. The queue for entry has been over 67 days, and the total amount of ETH in staking is already more than 30% of the total supply.
As for the big players, the cumulative total net inflow of spot Ethereum ETFs is almost $12 billion, which also indicates increased interest from institutional investors.