Ethereum (ETH) has recently drawn widespread attention in the market due to its price performance. ETH has broken through the $3700 barrier, and this movement is not just a short-term fluctuation but may signal the beginning of a larger trend.

From the on-chain data, there is solid fundamental support behind this breakthrough. The spot market has strong buying pressure, while the contract market is experiencing high bullish sentiment. This dual momentum suggests that market participants are optimistic about the prospects of ETH.

It is worth noting that the activity of Layer 2 (L2) solutions has significantly increased, reflecting the growing scalability of the Ethereum ecosystem. Meanwhile, the integration of artificial intelligence (AI) and decentralized finance (DeFi) has once again become a hot topic, further promoting the expansion of ETH's application scenarios.

Analysts generally believe that ETH is expected to reach a target price of $7,000 by the end of the year. This prediction is not a pipe dream, but rather a rational analysis based on current market dynamics and the technological development roadmap.

Ethereum is undergoing a new round of value reassessment, which may bring significant wealth effects. For investors, this may be an opportunity window worth exploring in depth. However, the inherent high-risk nature of the cryptocurrency market means that any investment decision should be based on a thorough understanding and prudent evaluation.

With the continuous development and improvement of the Ethereum ecosystem, its leading position in the blockchain and decentralized application fields may be further solidified. However, the market is always filled with uncertainty, and investors need to remain vigilant, continuously monitoring market trends and technological advancements.