The future outbreak of Ethereum may be affected by the following factors:

1. ETF capital inflow: Ethereum's performance will benefit from the capital inflow brought by ETF.

2. Pledge liquidity: The reduction in liquidity brought by Ethereum staking and whether the subsequent chips of ETF can be pledged will have a key impact on the rise of the market.

3. L2 application: Whether Ethereum can have phenomenal applications on Layer 2 solutions will indirectly increase the value of Ethereum.

4. The popularity of the track: It is necessary to pay attention to the performance of tracks such as GameFi, DeFi, and meme. Especially DeFi and GameFi, if new innovative gameplay can be born, it will promote the development of Ethereum. Although RWA (real world assets) can bring in capital inflows, due to the lack of leverage effect and the attribute of small-scale investment, it mainly attracts large investors to participate, and the wealth growth effect on retail investors is limited. In addition, AI and SocialFi may empower Ethereum more, especially if SocialFi is popular, it will increase the demand for Ethereum.