What can Ethereum do? #ETH突破3600#

Currently, there are thousands of developers around the world building applications on Ethereum, inventing new applications, many of which are already available for use, such as:
Cryptocurrency wallet: Low-cost instant payments can be made using ETH or other digital assets; Financial applications: Digital asset lending and investment can be done;
Decentralized market: digital assets can be traded, and gambling can also be conducted;
Game: You can own in-game assets and even earn real-world profits from them;
Of course, the imagination space for Ethereum is still very large. Currently, members of the Ethereum Alliance include over 400 internet, finance, technology, and blockchain companies such as Microsoft, Intel, JPMorgan, Consensys, BP, and Thomson Reuters.
As the two major mainstream cryptocurrencies in the world, Bitcoin has occupied a large portion of the total market value of cryptocurrencies over the past decade—much larger than that of Ether. Although Ether is also very popular, it does not reach the achievements of Bitcoin; when people hear the term "blockchain", the first thing that comes to mind is Bitcoin. Moreover, Bitcoin news is the most popular in the cryptocurrency field, and any news agency will basically mention Bitcoin before discussing cryptocurrencies.
However, despite this, Ethereum has advantages that Bitcoin does not have—more use cases. This advantage is also an important reason why the famous digital asset investor Novogratz predicted that Ethereum will have the ability to surpass Bitcoin in the future.
Institutional investors have significantly increased their holdings, with BlackRock's spot ETF purchasing $547 million in ETH in a single day, allocating over 5 times more than BTC; institutions are also continuing to buy the dip.
The deflationary mechanism is in effect, EIP-1559 has destroyed a large amount of ETH, combined with over 35% of the circulating supply being staked, the supply tightening is intensifying (annual inflation rate turns negative).
Derivatives market signals indicate that the implied volatility (IV) of ETH options has surged to 70%, with a significant increase in bullish block trades, as the market bets on a breakout above $4000 from late July to mid-August. The probability of breaking above $4800 in September exceeds 70%, but it needs to first stabilize above $4000 and absorb short-term profit-taking. If the ETF physical redemption is approved in September or the Federal Reserve lowers interest rates, it may accelerate the upward movement.
Since April 2025, ETH has risen by 130%, significantly outperforming BTC (+60%), and the ETH/BTC exchange rate has broken through 0.055, indicating the start of the "altcoin season".
The king of altcoins, ETH, will define the "next-generation blockchain value paradigm". ETH will lead a new round of altcoin super bull market, as its smart contract platform attributes meet the on-chain needs of traditional financial assets, making it closer to the "value creation" narrative than BTC.
The ETH/BTC exchange rate (0.055) remains low; if it continues to strengthen, it will attract more capital rotation. $4800 is not the endpoint, but caution is needed as short-term volatility may increase!