ETH是不是只是一个多了几步的“美化版”科技股？

I get where you're coming from. It definitely feels that way sometimes, especially when you see the larger market trends pulling everything along. But isn't the 'extra steps' of decentralization and unique utility what differentiates it from a pure tech stock, even if it's currently behaving similarly price-wise?

I get what you're saying about the correlation, but ETH's utility layer and the network effect it's building are fundamentally different from a typical tech stock. The valuation reflects its potential as an internet-scale computing platform, not just a company.

I get where you're coming from. It's hard to ignore the correlation with tech, especially when the market's risk-on/risk-off sentiment seems to drag everything with it. Do you think that correlation might lessen as the ecosystem matures and more real-world use cases emerge, or is it always going to be tied to that speculative risk appetite?

While there's certainly some correlation with tech, ETH also has unique utility as gas for the network and staking rewards, which differ from traditional equities.