Can Ethereum Still Be Held?
Since Ethereum's upgrade on the 7th of this month, the price has surged, but at this critical position of 2750, it seems somewhat powerless. This has led everyone to consider liquidating their positions at this level.
In fact, for those who have these thoughts, you can definitely understand the specific value of Ethereum, rather than just looking at its price.
Let's first take a look at the changes after Ethereum's upgrade.
1. Ethereum ETF approval has led to nearly $3 billion inflow so far. Although this is much less compared to Bitcoin ETF's approximately $30 billion, it is indeed real money flowing into the crypto space through the stock market. Many people say that funds will only come in after interest rate cuts and that the market lacks liquidity. This is the money, and it is the largest financial market in global equities flowing into the crypto space.
2. The Prague upgrade has once again improved the efficiency of the second-layer network. The emergence of SOL, ADA, ATOM, and others was due to Ethereum's network being slow and expensive, so they took on this part of the traffic by focusing on speed and low fees, without any security. This upgrade has completely eliminated their advantages; the second-layer network has addressed the issues of high fees and slow speeds, coupled with Ethereum's mainnet being sufficiently secure and decentralized. Who would still choose those altcoin companies?
3. The biggest problem solved by this upgrade is "staking". Previously, a node could only stake 32 ETH, but after the upgrade, it can stake 2048 ETH. This significantly lowers the staking threshold for whales and enhances security. The reason the SEC has not approved it before is due to staking security. Before the upgrade, large-scale staking was complicated. If you had hundreds of thousands or millions of ETH to stake for a month, it would take another half month to withdraw.
Now, staking and unstaking can be completed within a day, eliminating the risk of time delays, which significantly reduces such risks for the SEC.
So, after seeing all this, do you still think Ethereum has no holding value?
The simplest reasoning: If you don't have a positive outlook, why buy it? If you buy it and then complain that it doesn't rise as much as other coins, it essentially indicates a problem with your decision-making. $ETH $BTC
