The popularity of Ethereum has rekindled the vitality of the ETH chain. Previously, the gas fee was less than 1, but now it is basically maintained above 10. Currently, there are about 100 transactions per second, and each block burns 0.2 ETH. To maintain zero net issuance, the gas needs to reach 22.4 gwei.

On the surface, the chain is very lively, but ETH is still facing inflationary pressure, which does not mean that ETH will be completely strong.

Looking back at history,

When BTC first broke through $60,000, ETH was at $3,800;

The second time was $3,100;

The third time it dropped to $2,800;

And the fourth time, ETH fell to $2,400.

Friends of Ethereum, don't rush to celebrate, wait until you really reach the goal before raising your glass!