Researcher Ignas discusses the factors contributing to the bullish outlook for Ether: Deep love from the community and a lack of a cooling-off period.

Researcher Ignas discusses the factors contributing to the bullish outlook for Ether: Deep love from the community and a lack of a cooling-off period.

Researcher Ignas discusses the factors contributing to the bullish outlook for Ether: Deep love from the community and a lack of a cooling-off period.

Recently, Ethereum has been under siege by many members of the community due to its slow progress and weak performance in terms of coin price. However, Ignas, a cryptocurrency researcher, believes that this situation is bullish for Ethereum (ETH) because despite the bearish sentiment in the market, the community still cares about its future. It is only when people give up and leave that Ethereum will truly be in trouble.

Last weekend, Ignas wrote on the community platform X, using Cosmos as an example, stating that the L1 blockchain seems to have reached a point where people have lost interest, even though the price of its native token $ATOM is low. They sell off and then leave.

However, Ignas warned that although Ethereum has not reached this dire situation yet, “bad signs are emerging.” Ignas then goes on to say:

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