Ethereum has been gaining momentum year after year. Many people think that Bitcoin is the leader of the crypto market, but Ethereum's ecosystem is actually more vibrant. Just look at its DeFi, NFT, and various decentralized applications, it's simply the "KING" of the blockchain world.

The enthusiasm of developers has never waned, and the submission volume of Ethereum-related projects on GitHub has remained high. Layer 2 scaling solutions, such as Arbitrum and Optimism, address the pain point of high Gas fees, making transactions fast and cheap.

The merged PoS mechanism has also made Ethereum more environmentally friendly, with energy consumption data reduced by over 99% compared to before, which is a significant attraction for institutional investors. In the future, the Shanghai upgrade will further release staked ETH, and after liquidity is enhanced, market confidence is expected to rise again.

Ethereum is not the kind of flash-in-the-pan project; its technical foundation and community support allow it to stand firm in the crypto market. In the long run, the value of ETH is tightly bound to the depth of its ecosystem, making it hard not to be optimistic.