#以太坊行情解读 Ethereum 2025: Rebound market or long-term oscillation?

The recent performance of $ETH has indeed been quite tangled. In July, it surged nearly 50% in a single month, seeming like a revival, but later it started to stall at high levels, with market sentiment going on a roller coaster. Let's take a look at how this chain is going.

The average year-end price prediction given by 24 industry analysts is $4308. But to be honest, opinions are particularly divided — optimists are calling for $14260, while pessimists are only looking at $1500. Interestingly, more than half of the people (57%) believe that now is the right time to enter the market.

Why do so many people have high hopes? Several hard strengths are there:

First of all, the ecological status of Ethereum is beyond doubt. It carries close to 80% of tokenized U.S. Treasury bonds and a large volume of stablecoin transactions on-chain. It has become an industry consensus that the RWA ecosystem will use it as the main chain. In other words, this chain is the infrastructure for actual assets to go on-chain, and this moat is quite deep.

Secondly, institutional funds are voting. The net inflow of US spot ETH ETPs can reach $54 billion in a single month (July data), and these big players won't just give it away. The enthusiasm of institutions directly indicates the market's recognition of Ethereum's long-term value.

Moreover, with major upgrades like Pectra on the way, the expected improvement in network performance has also increased the market's imagination.

But one must also be aware of the risks: the "mouse droppings" of Gas fees have not been resolved, and the competitive pressure from new public chains like Solana is increasing. Experts predict that in the worst-case scenario, it may return to around 1940 dollars this year.

Ultimately, $ETH relies on its positioning as a "world computer"—the ecosystem's capacity determines its ceiling. The logic of long-term investment in infrastructure is sound, but the key is to see when the market shifts from "speculating on expectations" to "focusing on fundamentals".

What do you think, what price level is it most likely to be at by the end of 2025?