On March 24, 2025, the price of ETH steadily stood above $2000. This is not a coincidence, but a dual confirmation of ecological potential and market confidence. I firmly believe that Ethereum is ushering in a new market cycle, with the dual engines of DeFi and RWA driving its value to new heights. As for capital harvesting and power games? They are merely minor interludes in the process. Today, I will dismantle ETH's ecological logic and analyze its future rationally.
DeFi and RWA: The hard-core support for Ethereum's rise.
The value of Ethereum has never been about speculation, but about solid ecology. **DeFi (Decentralized Finance)** and **RWA (Real World Assets on-chain)** are its two main pillars.
- **DeFi: New financial infrastructure**
DeFi is Ethereum's cash cow. Stablecoins, staking, lending (Aave), and liquidity pools (Uniswap) have built a decentralized financial empire. The bear market of 2022 impacted the total value locked (TVL) in DeFi, but now, with ETH stabilizing at $2000, signs of capital inflow are evident. The low cost and high efficiency of Layer 2 (such as Optimism) are moving DeFi from a 'small circle' to 'mass adoption.' I predict that in the next bull market, DeFi will be a direct driver of ETH’s price.
- **RWA: The ambition of asset tokenization**
If DeFi is the present, RWA is the future. Tokenizing luxury homes, company shares, and artworks on-chain, utilizing the global liquidity trading of blockchain, is Ethereum's killer feature. Imagine entrepreneurs no longer scrambling to go public on Nasdaq, but directly issuing tokens on ETH for financing—this will disrupt the traditional securities market. Ethereum's smart contracts and ecological diversity are destined to be the best stage for RWA to take root.
PoS transformation: efficiency improvement; centralization is a false proposition.
Ethereum's transition from PoW to PoS is a dual upgrade in technology and economics. PoW relies on computational power for mining, while PoS relies on staking. Wealth distribution shifts from 'labor' to 'capital.' This reduces energy consumption, increases throughput, and gives ETH the attributes of 'digital bonds'—stable staking rewards attract long-term holders.
Some worry that PoS will lead to the centralization of ETH, or even its 'privatization' by Wall Street. This 'capital harvesting theory' has some merit: large funds hoarding ETH can take a larger share of the profits. However, I believe this underestimates the community power of Ethereum. Decentralized governance and the diversification of Layer 2 make it almost impossible for a single force to control ETH. PoS is not the beginning of a power game, but a leap in ecological efficiency.
$2000 is the starting point: a new market cycle is brewing.
ETH stabilizing at $2000 is not the end but the beginning of a new chapter. The recovery of DeFi, the promotion of RWA, and the maturity of Layer 2 all point to a clear conclusion: the ecological explosion of Ethereum is imminent. In the short term, capital may still be accumulating, and price fluctuations are inevitable—after all, low buying and high selling are old routines. But this does not change the long-term trend: ETH's value will rise with the prosperity of the ecology.
Clear stance: ETH is the cornerstone of the blockchain future.
My judgment on Ethereum is very clear: it is not only the king of public chains, but also the cornerstone of the blockchain economy. DeFi provides cash flow, RWA opens up asset pools, and PoS optimizes economic models—together, these three will evolve ETH from 'digital currency' to 'global financial infrastructure.' As for the conspiracy theory of 'Wall Street takeover,' it is merely a byproduct of market sentiment. Ethereum's openness and resilience are sufficient to counter any single force's ambitions.
Conclusion: Seize the opportunity, don’t be misled by noise.
Ethereum stabilizing at $2000 marks the clarion call for a new market cycle. The potential of DeFi and RWA is clear, and capital games are just a short-term interlude. As a believer in technology and a market observer, I advise: pay attention to ecological progress, seize long-term value, and don’t be deterred by short-term 'harvesting theories.'
