Edited By
Alice Wong

A lively forum centered around Ethereum showcased a mix of opinions on price expectations and network performance on November 27, 2025. Amid celebrations for American Thanksgiving, the dialogue sparked over how Ethereum continues to hold its ground as the second-largest cryptocurrency despite competitive challenges.
Users shared their holiday sentiments alongside crypto discussions. One post highlighted the cyclical nature of price movements, stating, "I believe the 4-year cycle is over, and we're heading into a value-investing phase for crypto." This reflects a growing perspective among participants who feel the market is shifting from speculative trading to more strategic investment approaches.
While many expressed optimism, some participants remain critical of Ethereum’s long-term value proposition. A commenter noted, "ETH has underperformed in the last five years; its investment thesis isn't solid." These contrasting views illustrate an ongoing debate over Ethereum’s future.
Ethereum maintains its status within the decentralized finance (DeFi) space, boasting a total value locked (TVL) of around $70 billion, alongside $40 billion on Layer 2 solutions—much more than its competitors. Community members used metrics to highlight how various so-called "ETH-killers" have struggled:
Cardano: Raised $62 million, with a TVL of $192 million.
EOS: $4.2 billion raised but considered a ghost chain with minimal usage.
Avalanche (AVAX): Over $500 million raised but only $15,000 in daily revenue.
In comparison, Ethereum's ecosystem supports thousands of applications with a much more significant user base.
Amidst the conversation, some bold price forecasts emerged, with one commenter enthusiastically declaring a prediction of ETH reaching "$24,444 by next Thanksgiving." The community remains cautiously optimistic, as users analyze trends and the potential impact of institutional investments.
"Unless something changes, you can ignore ETH as a long-term investment, but short-term trading still makes sense," shared one participant, portraying a mixed outlook on future gains.
△ Ethereum boasts a $70 billion TVL plus $40 billion on Layer 2s.
▽ Some participants see Ethereum's investment thesis as weak, pointing to consistent underperformance.
※ "I think we’re heading towards a value investing phase," echoed by optimistic community members.
This ongoing dialogue marks a significant moment for Ethereum as it navigates through complex market challenges and growing institutional interest.
The Ethereum community holds a mixed outlook as 2026 approaches, with a significant likelihood—around 60%—of a bullish trend spurred by growing institutional interest and improving network developments. Experts believe that if Ethereum continues to solidify its dominance in DeFi, we could see its value rise substantially, potentially aiming for the predicted $24,444 mark. Various factors, including macroeconomic conditions and the regulatory landscape, will play crucial roles; approximately 40% of market observers suggest that higher institutional adoption could catalyze Ethereum’s upward trajectory in the coming months, while cautious investors remain wary of enduring volatility.
The current Ethereum journey reflects the story of the early internet, where skepticism and criticism abounded among traditionalists who doubted its business applications. Just as the internet faced allegations of irrelevance amid nascent competitors, Ethereum’s resilience in the DeFi sector mirrors how early platforms like AOL and CompuServe ultimately paved the way for giants like Google and Facebook. This scenario underscores a vital lesson: transformative technologies often encounter substantial pushback before they redefine entire industries, which could very well be the fate of Ethereum as it carves its niche in an ever-evolving market.