This wave of the main upward trend is led by the strongest, little E $ETH.

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Internally and externally, there are continuous positive developments.

Internally, the Ethereum Foundation has undergone a significant management overhaul, with team layoffs aimed at reducing costs and increasing efficiency;

Externally, the ETH version of MicroStrategy $SBET achieved initial success, with its stock price soaring by over 50 times at its peak, and next, more incremental buying is expected to 'follow suit'.

Currently, the biggest problem is that the ecosystem is still not active enough, lacking killer applications.