More people are buying ETH

[hero_the_bossman]

As of early Feb 2026, BitMine is now the largest publicly traded #Ethereum treasury, holding ~4.305M ETH ; about 3.57% of the total circulating supply.
Tom Lee said the volatility is “a feature, not a bug,” calling Ethereum dramatically undervalued and a core macro trade for the next decade.

right now everything is down it may be undervalued and may gain traction again but for now i dont think it is  dramatically undervalued. people are just not investing in right now and ethereum has the same outlook just as the rest of the coins for this moment in time. we will see

because BTC is shining too much as of now.. the time will alts will come later.

[Kavelj22]

Tom Lee said the volatility is “a feature, not a bug,” calling Ethereum dramatically undervalued and a core macro trade for the next decade.

First, who said that volatility is a bug? Volatility a market characteristic that touch every product. Low are high volatility it depends on many factors, but volatility is commun between all products in trading.
Second, yes it can be considered a feature, mainly in trading, especially with high volatile markets. Buy the dip and sell the top, this is a general rule in trading based on volatility.

Eth is undervalued as a trading instrument whose volatility is so high to generate short terms profits. But from other perspectives, I think it becomes overvalued.

[Dunamisx]

We have been hearing a lot of news and update about ethereum and other altcoins performance this season and it has not been encouraging enough, because they are not currently showing interest to attract for more investors in order to pump the market high, though it is still well understood that we are not in their season, however, there's much expected of them to see than they are performing lately.

[Dr.Bitcoin_Strange]

Is Tom's holding in the class of the more people that are buying ETH? During the time their holding was announced, it also contributed to driving up the price and I do assume that a lot of psoriasis also sold of by the time they realized that the bear market was going to kick start soon, earlier on, some persons have already sold. In respect to the price drop of Bitcoin, most people also sold off so they can buy when the price drop, you can expect that people buying now are the people that likes the coin to buy now, with the idea that it's time to buy the dip.

[Alonso_]

As of early Feb 2026, BitMine is now the largest publicly traded #Ethereum treasury, holding ~4.305M ETH ; about 3.57% of the total circulating supply.
Tom Lee said the volatility is “a feature, not a bug,” calling Ethereum dramatically undervalued and a core macro trade for the next decade.

Reading the title of the thread is seems decieving like the BBC news or other news outlets that only focuses on trying to get attention with their captions but however it's true that Bitmine is holding Etherum as an additional asset to whatever they have hold earlier but it's doesn't mean the world is moving towards the side of Ethereum instead people who know how the big market works are moving towards it just for the spake it will get in later days having held so much bitcoin, so they try to pick something out of the cryptos.

Your response is very funny, do you mean BBC fake news ? I think the thread is mainly to get attention of people because I don’t really understand how it is possible that so many people are buying ETH, probably he should’ve done well to post some link so we can verify how most people are currently buying bitcoin, because there is no ways to qualify that right now so we would never understand how true that would actually work.

I think if I’m buying cryptocurrency I would prefer to buy bitcoin because that would be more accurate and would be likely that we should be buying bitcoin now that the price of bitcoin have decreased significantly it gives more opportunities to purchase and buy bitcoin more cheaper.

[brownn]

As of early Feb 2026, BitMine is now the largest publicly traded #Ethereum treasury, holding ~4.305M ETH ; about 3.57% of the total circulating supply.
Tom Lee said the volatility is “a feature, not a bug,” calling Ethereum dramatically undervalued and a core macro trade for the next decade.

They just see ETH as next big opportunity after bitcoin. The upside potential seems to be more in ETH compared to Bitcoin as bitcoin already has very large market cap. But in a situation where the trust of people starts diminishing on alt coins and everyone just sticking to BTC, such an approach can result in heavy losses.

[pooya87]

If that were true, then it should have shown up on the charts in form of a consistent long term price rise. So far the only thing we've seen from ETH ever since 2018 (that's 8 years) has been a consistent dump (from 0.15BTC all the way down to 0.03BTC).

It's expected from it as well. ETH is a useless shitcoin with an unlimited supply, a huge premine, a centralized network, a mutable blockchain and many protocol flaws. It is already overvalued. Any of these things (like the unlimited supply) is more than enough to ensure long term dumping and less people buying it as time passes.

[jossiel]

They just see ETH as next big opportunity after bitcoin. The upside potential seems to be more in ETH compared to Bitcoin as bitcoin already has very large market cap. But in a situation where the trust of people starts diminishing on alt coins and everyone just sticking to BTC, such an approach can result in heavy losses.

They have seen that because it's the second big crypto in the whole market. And it didn't pumped a lot last year and that's why they're believing it will be the next one to pump.

But looking at the market conditions, this is a long term investment that they're doing. Not only putting some random hope that this year could be different.

Because it's not, we're in the bear market and that's why they're earlier than the rest about preparing for the next bull run cycle after a couple of years.

[ultrloa]

If that were true, then it should have shown up on the charts in form of a consistent long term price rise. So far the only thing we've seen from ETH ever since 2018 (that's 8 years) has been a consistent dump (from 0.15BTC all the way down to 0.03BTC).

It's expected from it as well. ETH is a useless shitcoin with an unlimited supply, a huge premine, a centralized network, a mutable blockchain and many protocol flaws. It is already overvalued. Any of these things (like the unlimited supply) is more than enough to ensure long term dumping and less people buying it as time passes.

This is not actually what we actually see on past few years, because for many times we have seen that Bitcoin became the center of focus by lots of investors, that's why waiting for altcoin season sentiments floating way back before since there are people waiting for Bitcoin to dump so that they can possibly see ETH and altcoin market also goes up.

I think this site write some nice article about what happen on BTC and ETH for past few years.

The past year has shown significant differences in the performance of major cryptocurrencies. Bitcoin (BTC) has surged over 100%, whereas Ethereum (ETH) has seen a more modest gain of less than 10% (as of 2/10/2025). This Bitcoin vs Ethereum performance divergence has sparked discussions on the evolving roles of these two leading digital assets.

More details to read here https://www.variwealth.com/post/bitcoin-vs-ethereum-analyzing-performance-adoption-and-market-trends

So with those things like the only thing been relied by ETH are those most used network for DEFI and other thing, It cannot over take Bitcoin plus having no definite supply is not good to see that's why many investors prefer Bitcoin because it only have limited numbers of circulation which make it unique asset in the world.

[Orpichukwu]

You don't have to morn ETH because it's the first mover advantage in the smart contracts business, eth is the birth of other crypto and so the tendency to bring down such project is very low which can sometimes cause chaos in the  community.

Saying ETH is the birth of other crypto makes it look like Bitcoin is also beneath it, but it's safer and more agreeable to say that ETH is the birth of many other altcoins; it created room for many to come under it, and that was how the idea spread out. Some say Bitcoin is the king, while ETH is the princess, not yet a queen.

[Abiky]

As of early Feb 2026, BitMine is now the largest publicly traded #Ethereum treasury, holding ~4.305M ETH ; about 3.57% of the total circulating supply.
Tom Lee said the volatility is “a feature, not a bug,” calling Ethereum dramatically undervalued and a core macro trade for the next decade.

Source? Because all I've seen is ETH going down in price, further retracing from its last-recorded ATH in 2021. It did reach a new ATH of almost $5k in Aug 2025, but that was for a very short period of time. Now with the bear market, ETH is within the $2k range and declining. I think the competition is what ultimately "killed" ETH's prospects to reach a new ATH. While ETH focused on L2s for scaling, other platforms brought on-chain scaling and innovative features. People want convenience, so they'll choose rival chains even if they're not as decentralized or reliable as ETH.

Vitalik and team must come up with something new that would "blow" its rivals "out of the water". Otherwise, it will be doomed. Not even the approval of spot ETFs in the US did any help. BlackRock and other giants are purchasing BTC in-mass. Not ETH. I agree with Tom Lee that Ethereum is undervalued. It should've been worth at least $10k by now. Is there still hope? I sure hope so...