Ethereum (ETH), as an important participant in the Crypto Assets market, is undergoing a remarkable transformation. Initially regarded as a high-risk asset against inflation, it is gradually transitioning to a more stable safe-haven choice. This evolution reflects the maturity and adjustment of the Crypto Assets market.

As time goes by, Ethereum may take on forms similar to traditional financial products, such as providing a certain degree of protection for investors through bank staking. However, this transition is not without risks, and the market still faces potential severe fluctuations, which could even result in a sharp decline of 1000 to 2000 percentage points.

Looking back at the development over the past two to three years, it is not difficult to find that the weakening of real economic liquidity brought about by the global pandemic has indirectly driven a large influx of funds into various types of online assets. This phenomenon can be seen to some extent as a marketized Ponzi scheme, the essence of which is a bubble scale issue.

The total market capitalization of the current crypto assets market is approximately $4 trillion, which is relatively small compared to the $66 trillion of the US stock market and the $45 trillion of the Hong Kong stock market. Among them, Bitcoin accounts for 60% of the crypto market share, indicating a clear imbalance in this structure. Therefore, the entire industry urgently needs a comprehensive adjustment to reshape a healthier ecosystem.

For crypto assets such as Ethereum, the future development path may need to find a balance between highs and lows while considering overall liquidity to assess their true value. This process may be accompanied by growing pains, but it may also bring new opportunities and growth momentum to the industry.

In this rapidly changing field, investors and participants need to stay vigilant, closely monitor market trends, and maintain a clear awareness of potential risks. At the same time, regulatory agencies and traditional financial institutions will also play an increasingly important role in shaping the future development of Crypto Assets.