The Past and Future of Ethereum, Will ETH Hit New Highs by Year-End? (1)

To be honest, compared to future developments, people may be more concerned about Ethereum's price. Currently, Ethereum is indeed poised for a breakout. Whether I previously called ETH 1450 the bottom or the current price of 1800, its potential benefits have always been objectively present!

1. Ethereum and Bitcoin have already opened up traditional funding channels due to last year's ETF approval, and it's not just the small pool of funds in the crypto space that affects their prices! This is the first-hand information I provide to the entire network because no one has mentioned this crucial impact when discussing price issues. Moreover, according to my sources, institutions on Wall Street have begun conducting over-the-counter trading of Ethereum, which has not yet been publicly disclosed by any media. I believe that as prices rise, this positive news will eventually be released.

2. I have also learned that the Ethereum ETF staking is very likely to be approved in the second half of this year, and BlackRock's senior executives are publicly pressuring for it. The impact on the price after approval has two positive aspects: one is to reduce token sell pressure, and the second is that the yield will attract traditional institutions to increase their holdings.

3. The Ethereum Pectra upgrade indirectly increases the ETH staking rate. The EIP-7251 proposal allows validators to earn additional staking rewards beyond the standard staking amount of 32 ETH. Validators can use a single validating node to stake all their held ETH. This improvement is expected to attract large institutions to run their own validating nodes.

4. Charles Hoskinson, the founder of ADA, recently questioned the long-term development of Ethereum during an AMA event, suggesting that this blockchain may not survive in the future. What nonsense!

This former co-founder of Ethereum pointed out three major structural flaws: incorrect economic model, virtual machine design, and consensus mechanism. This is purely absurd talk to brush up his presence; the aforementioned models, technology, and consensus issues have been refuted by Ethereum's current status and practical applications in recent years, with ETH overwhelmingly outperforming ADA. This guy boasts that he never hype but always rides the trending topics to promote himself, occasionally spreading FUD about Ethereum or riding the presidential hot topics. However, objectively speaking, his marketing ability is what Ethereum currently lacks the most.

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