The future market of Ethereum is currently intertwined with various forces, with strong support for its rise.

There are also potential suppressive factors. By comprehensively analyzing information from various parties, we can identify some key features that are worth paying attention to.

Overall, the market holds a relatively optimistic view on the prospects of Ethereum. In the short term, a price above $3,000 seems imminent, while in the long term, breaking the $20,000 mark is not impossible. Most institutions predict that Ethereum will exhibit a "stair-step rise" trend. They generally believe that by the end of 2025, the average target price for Ethereum will be around $4,308. In the further future, it may reach $10,882 by 2030 and even have the potential to exceed $22,374 by 2035. Behind these optimistic expectations is the market's long-term confidence in the resilience of the Ethereum ecosystem, including its advantages in decentralized finance (DeFi), Layer 2 scaling solutions, and staking economy.

From a technical analysis perspective, if Ethereum can solidly hold the key support level of $2,400, it is expected to make a push towards the $3,000-$3,300 range in the short term. In the medium to long term, if it can break through the current resistance level, $4,000-$5,000 will become the next important price threshold.

However, not all voices in the market are optimistic. It is worth noting that some financial institutions have begun to lower their expectations for Ethereum. For example, a large bank recently significantly cut its year-end price expectation for Ethereum from $10,000 to $4,000. The main reason for their lowered expectations is concerns that Ethereum's dominance in the DeFi space may be weakening. The rise of emerging public chains and Layer2 solutions partially replacing the mainnet has led the market to begin questioning whether Ethereum's "ecological moat" is being eroded.

The concern that Ethereum's competitiveness may weaken is likely to be an important factor in suppressing its price in the short term. Nevertheless, Ethereum remains a significant player in the blockchain space, and its technological innovations and the continuous development of its ecosystem will be key determinants of its future trends. While investors pay attention to price fluctuations, they should also closely monitor Ethereum's progress in technological upgrades, ecosystem expansion, and addressing competitive challenges.