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Ethereum (ETH), as the second largest Cryptocurrency by Market Cap, has experienced a significant fall to around $2,000 in the recent volatile market. At this stage, I believe ETH is a coin worth following, especially given its underlying technological upgrades and future development potential.
With the continuous advancement of ETH 2.0, the scalability, speed, and low transaction costs of the ETH network have gradually been addressed. Especially after the introduction of the Proof of Stake (PoS) mechanism, the energy consumption of the ETH network has been significantly reduced, further enhancing the sustainability and environmental attributes of ETH. This technological improvement provides a solid foundation for the long-term development of Ethereum and may also enhance its market attractiveness in the future.
In addition, as a leader in smart contracts, ETH still occupies a central position in the decentralized finance (DeFi) and NFT markets. With the landing of more innovative applications, the demand for ETH may further increase, especially in the process of these new technological applications and industry expansion.
Therefore, in the current market price pullback situation, the technical prospects of ETH still attract me to make appropriate bottom fishing operations. In the long run, the growth potential of ETH is still undeniable.
#抄底or观望