Ethereum's Future: Will It Miss The Bull Market Or Dominate?

According to PANews, Ryan Sean Adams, the founder of crypto information and research platform Bankless, initiated a discussion on whether Ethereum will miss the current bull market. He presented two contrasting viewpoints, inviting readers to consider which side they stand on. The first viewpoint suggests that Ethereum might miss the bull market as new users are not choosing Ethereum. Ethereum is currently in its adolescence, experiencing an awkward phase of emotional fluctuations, trying to mature but misunderstood by the world. The biggest factor is L2. Ethereum is telling new users not to use it because it's too expensive, but the good news is that there are 100 new L2s that they might like. However, these L2s are building cross-chain bridges, dispersing liquidity, and eventually failing, creating a cycle. From a long-term perspective, developing Ethereum L2 is the right move and the best way to achieve decentralization. However, the problem is that these are not the new buyers of ETH. The new buyers are those trading meme coins, app users, and people from traditional finance. But the first two are busy buying tokens on the chains they are using, and the last group is buying Bitcoin, not caring about the actual cash flow on the chain. The second viewpoint argues that the Ethereum bull market is imminent due to its strong fundamentals and dominant position. Ethereum is much stronger now compared to its 2020 phase. It's not just a profitable blockchain, but also has solid token economics. The world's largest exchanges are doing Ethereum L2, ZkEVMs have been implemented, an unlimited L2 budget is accelerating Ethereum's technological development, and Ethereum ETF is about to be launched. Ethereum's fundamentals are positively improving. Some chains may have a million users, but Ethereum can be the underlying infrastructure for a thousand chains, with the fees from a million users on each chain returning to Ethereum. The liquidity dispersed by L2 will also be integrated, as L2 chains are accumulating a huge centralized debt that they will later repay to Ethereum through Gas fees. In conclusion, it's foolish to think that Ethereum will miss this bull market, and the possibility is so small that it's almost not worth considering. The market will vote, so the Ethereum bull market is coming. These are the two different viewpoints of Ethereum long-termism, whether it will miss this cycle or the Ethereum bull market is imminent, which side do you stand on?