Straight to the conclusion: Ethereum's current market trend has no ceiling, and there will never be an Ethereum below 2000 in the future.

There are three reasons: 1. The pledge mechanism is optimized. The most important thing about this round of upgrades is to remove the original upper limit to increase the income and efficiency of institutions that pledge in batches. On-chain pledge will soon break new highs.

2. Without any technical defects or loopholes, ETH has never changed. It is still the most decentralized and secure public chain (the bybit incident must have been caused by the leakage of private keys and has nothing to do with on-chain security). Some kols said it was an Ethereum problem, and $capital absorbed enough chips at a low level.

3. The last and most important factor is that Ethereum's pledge ETF in the United States is likely to pass this year. After all, the president personally held it in the second half of the year, and it was also in the US interest rate cut cycle. At that time, it will get out of the crazy market.