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RE: Can ETH hit all-time-high? Yes, but not during an Alt Rally.
Ethereum is having structural blockchain problems because they refuse to upgrade the chain. I'm not too bullish on Ethereum in the long-term.
ETH is leading as the most decentralized smart contract chain. The massive network effect is a bonus. The point of this piece is that despite its own infrastructural limitations, layer-twos built upon it are advancin it to the point of resolution of existing problems.