Why the Ethereum Price Surge is Turning Heads

Hey there, crypto enthusiasts! If you’ve been keeping an eye on the market, you’ve probably noticed Ethereum (ETH) making some serious moves lately. A recent tweet from sassal.eth/acc (@sassal0x) dropped a bombshell: many crypto natives—those in-the-know folks who live and breathe blockchain—are surprisingly underinvested in ETH or don’t own any at all. Posted on August 10, 2025, at 20:27 UTC, this observation has sparked a wave of reactions across the X platform, and it’s worth diving into what this means for the crypto world.

The "ETH is Dead" Narrative Bites the Dust

Sassal’s tweet points out something interesting: a lot of people were convinced that Ethereum and its native token, ETH, were on their last legs. This “ETH is dead” narrative has been floating around for a while, especially as newer, shinier projects like Layer 2 solutions (L2s) and meme coins grab attention. But with ETH’s price climbing—recent data from TradingView shows it hitting $4,250.6 USD with a 0.89% rise in the last 24 hours—the tide seems to be turning. The tweet suggests that as ETH goes higher, the “cope” (a slang term for denial or excuses) from those who doubted it will only get louder. It’s like watching a plot twist unfold in real-time!

Reactions from the Crypto Community

The thread following sassal’s post is a goldmine of opinions. Some users, like Crypto&AI (@Pedrojr_crypto), credited sassal’s content for keeping them invested, saying they almost sold but are now glad they didn’t. Others, like YuRii ⓨ ETH🧙‍♂️ (@Yura__eth), chuckled at how the “ETH dead” story is aging like spoiled milk. Meanwhile, Gustavo Fring (@Gustavo4ring) highlighted a common newbie mindset: why buy pricey ETH when you could chase 100x gains with cheaper L2s or meme coins? This mix of FOMO (fear of missing out) and skepticism shows just how divided the community is right now.

What’s Driving the ETH Rally?

So, why is ETH suddenly back in the spotlight? According to CoinTrust, institutional and retail trends suggest something big is brewing. Ethereum is retesting all-time highs, and multiple retests are often seen as a bullish signal by traders. Plus, with a market cap of over $513 billion USD (CoinMarketCap), ETH’s adoption is growing globally. Bankless Times notes that Ethereum is the second most popular crypto asset in places like Singapore, thanks to its real-world applications in finance and beyond. This surge isn’t just hype—it’s backed by solid use cases and increasing adoption.

The Underownership Puzzle

Sassal’s core point is that many crypto natives are “offside,” meaning they’re not holding enough ETH to benefit from this rally. This could be due to the allure of riskier altcoins or a lingering belief that Ethereum’s peak has passed. But as users like JVE Wealth (@JVE_Wealth) point out, the “cope index” is rising—meaning the louder the complaints, the stronger the upward trend might be. It’s a classic case of market psychology at play!

What’s Next for ETH?

With questions like “Will $ETH go more higher?” popping up from users like CrystalMiller (@yushijitsu1972), the community is buzzing with anticipation. Analysts suggest ETH could hit targets like $3,705 (TradingView), but the journey won’t be without resistance. For now, the consensus seems to be: hold tight, because the ETH pump might just keep rolling.

Final Thoughts for Blockchain Practitioners

If you’re a blockchain practitioner or just someone dipping their toes into the crypto waters, this moment is a great reminder to stay informed. Ethereum’s resurgence shows how quickly market sentiment can shift, and platforms like Meme Insider are here to help you navigate the chaos. Whether you’re eyeing meme tokens or solid projects like ETH, keeping an eye on community chatter and price trends can give you an edge. What do you think—will you jump on the ETH train, or are you still skeptical? Drop your thoughts in the comments!