Ethereum ($ETH), as the pioneer of blockchain smart contracts, continues to lead the development of decentralized finance (DeFi), NFTs, and Web3. Recently, the market has warmed up, and the price trend of ETH has been strong, reflecting its long-term value under multiple favorable conditions such as Layer 2 ecosystem expansion, staking economy (EIP-4844), and institutional adoption (such as expectations for spot ETFs). Despite facing competition from high-performance chains like Solana, Ethereum still dominates thanks to its large developer ecosystem, mature decentralized security, and L2 scaling solutions (like Arbitrum and Optimism). In the future, as the Dencun upgrade further reduces Gas fees, it may demonstrate stronger network effects and capital attractiveness in the next bull market, becoming an indispensable infrastructure asset in the crypto market.