Ethereum spot ETF regulatory restrictions: Currently, spot ETFs cannot pledge ETH, which is due to regulatory uncertainty. With Trump likely to regain power, the market expects him to provide clear guidance for cryptocurrency regulation, which may promote institutional and traditional financial participation in ETH staking and enhance ETH's attractiveness as a long-term income asset.

Ethereum supply growth and transaction fee burning: Although the total supply of ETH has hit a new high since April 2023, the amount of ETH burned through transaction fees has risen since September, indicating that supply growth has flattened.

The importance of ETH in crypto investment: The DeFi project launched by the Trump family emphasizes the importance of compliant DeFi. The Trump family's fund prefers ETH as its main holding asset, and traditional capital also favors ETH. When BTC prices fall back in the future, ETH's cost-effectiveness will appear more attractive.