#以太坊的未来 Ethereum (ETH) presents a coexistence of technological innovation and market competition in its future development in 2025.

-Technical Aspects-

Ethereum will significantly enhance network performance through the Pectra upgrade (launching on May 7, 2025), including optimization of scalability (such as PeerDAS and Verkle Trees technology), reduction of transaction costs (by supporting stablecoin payments for Gas fees through EIP-7702), and enhancement of the staking mechanism (such as increasing the staking limit for individual validators to 2048 ETH). Additionally, Vitalik Buterin's proposed long-term plan to replace the EVM with the RISC-V architecture aims to improve execution efficiency by 100 times and enhance zero-knowledge proof compatibility, paving the way for new applications like on-chain AI.

-Market and Competition-

Ethereum faces challenges from public chains like Solana, which holds advantages in daily active users (3.25 million vs. 410,000) and transaction volume (35.99 million vs. 1.13 million), but Ethereum still maintains competitiveness due to its ecosystem maturity and security.

-Price Prediction-

There is a clear divergence, with Standard Chartered bullish at $14,000 (based on ETF approval and technical upgrades), while in a pessimistic scenario, it could drop to $1,800 due to regulatory or economic recession impacts. Institutional interest (such as ETF fund inflows) and the regulatory environment (such as easing U.S. policies) are key variables.

Overall, Ethereum needs to achieve a balance between performance enhancement and decentralization principles through continuous innovation to solidify its position as the core platform for smart contracts and DeFi, while also addressing market volatility and external challenges.