Opinion: Although ETH is down 88% from its historical peak, its fundamentals remain strong.

According to SludgeFeed, cryptocurrency investor Spencer Noon said that although ETH has fallen 88% from its historical peak, the total value of Ethereum (ETH) continues to grow as the total value of the ETC in the DeFi application continues to grow. Still strong. Spencer Noon compared the price trend of ETH since the beginning of 2019 with the total value of the dollar in the DeFi application and found that the price could not accurately describe the growth of the blockchain network.