The upgrade of Ethereum $ETH has achieved qualitative improvements through technological innovation and mechanism optimization in multiple dimensions such as user experience, network performance, staking economy, and developer ecosystem. In particular, breakthroughs in account abstraction and Layer 2 scaling provide infrastructure support for the landing of large-scale Web3 applications, consolidating Ethereum's position as the core public chain of Web3. Despite potential risks such as institutional staking centralization, overall these upgrades inject new momentum into Ethereum's long-term development, allowing it to maintain a competitive advantage in the fiercely competitive blockchain market.