I agree, which is why I stopped speculating on cryptos last year. That's not to say I don't think you can speculate and make money, because clearly you can. But

I agree, which is why I stopped speculating on cryptos last year. That's not to say I don't think you can speculate and make money, because clearly you can. But the movements do not seem to behave very rationally, even by finance industry standards, which is saying something. That being said, I think the one difference is that ETH actually does have some intrinsic value assuming the Ethereum network is actually used to build useful things, which so far it seems like it is. As long as that is true, people will need ETH in order to pay gas fees. And if you need ETH to pay gas fees, presumably its value will scale somewhat proportionally to the real-world usefulness of the network.