What more backing do you need than 99% of ETH traffic being bogus + a 95% loss in price.. Those are the real numbers but you distract from that by talking about the future or specific projects and updates that have no effect.
Ethereum is a scam and the run up last year was nothing short of a trading trick intended to inflate the price and get everyone in for the last run. I would elaborate but I realize most of the readers here are amateurs and people who don't know what the stock market is so I have refrained from giving details. Others draw a line across the screen and say look the price is going up, that's disgraceful and nothing short of scammer.
As I said before Eth value is $1-$10 because it has some value as a utility for now but that is 99% overvalued and there are better ones in the making, so future is non existent except for trading.
Despite 95% + Losses some of you scammers still say it will recover, but recover to what. not one of you idiots can even elaborate or back up the things you say. What ever happened to aslev lava or whatever the guy was who drew the chart saying its going up ?
Get over it folks, ETH is nothing but scam and a ponzi for trading. That's it, it never had any real usage and the projects that came under it were either illegal or non working or in more recent cases they were nothing but a splash page for a ICO that disappeared as soon as the token sale was over.
lol talk about lack of elaboration and "backing".
"Oh no, the price has fallen a ton, must mean the tech is useless and the entire chain will die! In fact, it must be a scam!"
How many times has btc been declared dead? How many times for Eth? lol. Everyone with skin in the game should know by now crypto goes through peaks and valleys....like most assets.
GTFO you silly short-sighted noob.