In addition, the explosive growth of Ethereum Layer 2 (such as Base and StarkNet) is restructuring its valuation logic. The current total TVL of Layer 2 has surpassed $40 billion, with daily active addresses exceeding 5 million, and 90% of on-chain activities ultimately settle back to the mainnet $ETH , forming a positive cycle of "L2 prosperity → mainnet demand surge → ETH deflation acceleration." If Trump promotes national cryptocurrency reserves, ETH will become the institutional preferred choice due to the maturity of scalability solutions—JPMorgan predicts that by 2025, Layer 2 transaction volume will account for 80% of the Ethereum ecosystem, and the "settlement layer value" of ETH may face revaluation. Traders on the left side can pay attention to milestones in L2 adoption (such as zkSync mainnet launch) and strategically position themselves against the trend when ETH is mispriced due to market sentiment; its ecological feedback effect will gradually absorb short-term selling pressure. #ETH