The Past and Future of Ethereum: Will ETH Hit New Highs by Year-End? (1)
To be honest, compared to future development, people may be more concerned about the price of Ethereum. Currently, Ethereum is indeed poised for a breakout. Whether I previously claimed ETH at 1450 as the bottom or the current price of 1800, its potential positive factors have always objectively existed!
1. Ethereum and Bitcoin have already opened up traditional funding channels due to last year's ETF approval. The factors affecting their prices are not just the small pool of funds in the crypto world! This is the first-hand information I provide to the entire network, because in discussing the most critical issues regarding coin prices, no one has mentioned this most important impact. Moreover, according to my sources, institutions on Wall Street have begun to engage in over-the-counter trading of Ethereum, and no media has publicly disclosed this yet. I believe that as the price rises, this positive news will eventually be released.
2. At the same time, I have learned that the Ethereum ETF staking is likely to be approved in the second half of this year, and senior executives at BlackRock are also publicly calling for pressure. The impact on the coin price after approval has two positive aspects: one is the reduction of token selling pressure, and the other is the yield attracting traditional institutions to increase their positions.
3. The Ethereum Pectra upgrade indirectly increases the ETH staking rate. The EIP-7251 proposal allows validators to receive additional staking rewards beyond the standard staking amount of 32 ETH. Validators can use a single validation node to stake all the ETH they hold. This improvement is expected to attract large institutions to run their own validation nodes.
4. ADA founder Charles Hoskinson recently questioned the long-term development of Ethereum in an AMA event, suggesting that this blockchain might not survive in the future. Nonsense!
This former co-founder of Ethereum pointed out three major structural flaws: incorrect economic model, virtual machine design, and consensus mechanism. This is purely nonsense to gain attention; the aforementioned models, technologies, and consensus issues have been refuted by Ethereum's current position and practical applications in recent years. ETH has completely outperformed ADA. This guy claims he never promotes himself but is always riding the hype to promote himself, occasionally spreading FUD about Ethereum or riding the presidential hype. However, objectively speaking, his marketing ability is what Ethereum currently lacks the most.
