Talking about Ethereum (ETH) is like chatting with an old friend who has been fighting in the crypto world for many years, going through the wind and rain. As one of the most influential blockchain projects globally, ETH has not only created one shining moment after another in the history of cryptocurrency but has also successfully built a smart contract platform that changes the industry. So, will it still be the 'center stage' in this bull market? Let's reflect on the journey ETH has taken~

ETH's three major ups and downs in life

  1. Shining moment: Late 2017 to early 2018
    At that time, ETH was undoubtedly the star of the bull market! In just two months, its market value skyrocketed from 20 billion to 140 billion USD, like it was on a rocket. The reason is simple — the ICO boom. Back then, as long as it was a blockchain project, 80% of them were based on Ethereum for token issuance, making ETH a ticket to entry, attracting a large influx of investors.

  2. Low point: Bear market from 2018 to 2020
    Who would have thought that after a brief glory, a long winter would follow. In 790 days, ETH's market value dropped from 140 billion to 8 billion, halving several times, with a decline of up to 93%! Mainly due to the burst of the ICO bubble, many projects either 'ran away' or 'stalled', and investors lost confidence. However, the market has its ups and downs; bull and bear cycles are the norm.

  3. Reaching the peak again: The crazy rebound of 2021
    The real 'fall and rise again' story is ETH in 2021. That year, ETH soared to 4,300 USD thanks to the explosive growth of DeFi and NFT. Whether it’s decentralized finance or those expensive monkeys and avatar artworks, they all rely on the Ethereum ecosystem. This time, it fully proved its value.

In the new bull market, can ETH still hold the flag?

The market is currently quiet, but ETH is still a 'treasure player'. Its advantages are quite simple:

  1. Solid ecology, continuous innovation
    From DeFi, NFT to the recent hot topics of Restaking, modular technology, chain abstraction... the industry's new play styles have basically all been tested on Ethereum first. As long as this 'experimental field' exists, the possibilities for ETH are endless.

  2. Technological upgrades, getting stronger and stronger
    After the Ethereum 2.0 upgrade is completed, it will not only reduce network congestion but also lower transaction costs for users. In terms of technology, ETH has been constantly 'rolling itself', progressing steadily.

  3. Popularity surging, status in the community stable
    The well-known 'truth in the crypto world': wherever developers are, there is value. The Ethereum community gathers some of the smartest minds globally, along with countless large projects running on it. This 'leading position' of ETH is truly not a coincidence.

Where will the 'wind' of the future come from?

Although the market has not fully warmed up yet, this giant ship called ETH has never lacked direction. Is it the next DeFi? Or some new narrative we haven't discovered yet? No one dares to claim certainty, but as the foundational infrastructure of blockchain, the probability of winning for Ethereum remains high.

So, let’s be patient and wait for the wind to rise. After all, ETH's story is far from over!