Ethereum (ETH) has once again reached a historic high, but this has not sparked enthusiasm among all investors. Some believe that despite the rising price of ETH, its actual value and potential remain a topic of debate.

Critics point out that ETH currently mainly serves as gas fees and a representative of traditional blockchains, lacking other substantial added value. Its popularity is largely due to its first-mover advantage as the first mature smart contract platform.

However, this does not mean that ETH has completely lost its investment value. Some analysts believe that when the price of ETH falls back to a reasonable range, it may still become an attractive investment option. This indicates that even investors who are cautious about ETH acknowledge that it still has investment potential at the right price.

This contradictory attitude reflects the complexity of the cryptocurrency market. Investors need to find a balance between innovation, potential, and current valuations. As blockchain technology continues to evolve, the role and value of ETH may continue to evolve, which will continuously influence the market's perception and pricing of it.

Overall, the price trend of ETH has once again sparked discussions about its long-term value and status within the blockchain ecosystem. Both supporters and skeptics need to closely monitor the technical developments of ETH and the expansion of its application scenarios to better assess its future prospects.