The recent performance of $ETH has been influenced by multiple factors, including market expectations for the approval of spot ETFs, the continuous expansion of the Layer 2 ecosystem, and the ongoing increase in staking participation rates. Currently, the ETH price is fluctuating near key technical support levels, and the market remains cautiously optimistic about its future trends. As the Ethereum network upgrade gradually progresses, its core position in areas such as DeFi and NFTs remains attractive. In the medium to long term, ETH is still regarded as an important asset in blockchain infrastructure, with strong growth potential. Investors should pay attention to on-chain activity and macro market changes, and allocate positions appropriately.