Let's talk about why this position of Ethereum is worth holding and the key points of the Prague upgrade!
As we all know, Ethereum is set to undergo the Prague upgrade on May 7th, which is a significant positive development following the Bitcoin/Ethereum ETF.
The most important aspects of this upgrade are:
1: Significantly reduce operational costs for institutions and greatly increase the security of staking.
2: Optimize and lower the data publishing costs of L2, adjust the gas fee structure and node burden, and improve the degree of decentralization.
3: Improve user experience and enhance practical value.
As a result, this can attract more institutions to participate, reduce circulation, and increase market sentiment. The SEC's previous refusal to approve the staking function of the second-largest cryptocurrency was due to a complicated process, but this resistance will greatly decrease after the upgrade. Given the current market environment and competition from public chains like Solana, which has led to a diversion of main participants, Ethereum has been sluggish. Will this upgrade bring about an epic rise for Ethereum? Personally, I firmly believe that in the long run, Ethereum will definitely move upward.
