#以太坊行情解读 The turning point for Ethereum's privacy upgrade has arrived. Recently, the hottest topic in the market is this trap privacy protocol plan — once implemented, transaction records will support selective concealment, which is of great significance to the ecosystem.

In simple terms, although Ethereum is currently decentralized, every transaction is transparent and traceable, which poses a psychological barrier for large amounts of capital entering the market. The biggest concern for traditional financial giants and high-net-worth institutions entering the blockchain is the exposure of transaction footprints. Once privacy upgrades are activated, this barrier will completely disappear.

With the continuous absorption of spot ETFs, the "entry conditions" for institutional funds are already in place. With the combination of privacy protocol + ETF channel, under the dual drive, the valuation logic of $ETH will undergo a qualitative change. The market generally expects this upgrade to push ETH towards $8500 or even higher.

From a technical fundamental perspective, changes have already occurred. The next issue is market pricing. Each pullback may present a better layout opportunity. The correlation of $BTC is also strengthening, but the key still lies in how far this Ethereum barometer can go.