$ETH is not a short-term game, but a representative of structural doubling logic
Many people are still viewing ETH from a speculative perspective, but its growth potential has already surpassed most crypto assets. Currently, $3500 is the critical point where multiple long-term logics converge.
From a technological stack perspective, Ethereum is becoming the "underlying operating system" of the blockchain world, rather than a single asset. Its role in DeFi, NFT, and AI interaction protocols is becoming increasingly important, leading to its value growth being more akin to traditional "infrastructure stocks" rather than pure price volatility.
Investors need to realize: ETH is one of the few comprehensive assets in the crypto world that possesses "revenue model + network effect + on-chain lock-up". Every structural breakthrough is often accompanied by an overall enhancement of the valuation system.
Now, $3500 is not overvalued, but rather not fully priced.