Why are investors so confident in Ethereum? This question is worth pondering. From a price perspective, ETH's performance is indeed not outstanding, with the market remaining relatively stable; but in terms of market enthusiasm and ecosystem developments, everyone's optimism is surprisingly high. What does this phenomenon reflect? Is it recognition of Ethereum's long-term value, or expectations of its ongoing technological ecosystem iterations? Interestingly, even if the short-term market performance is flat, the enthusiasm of capital and developers' investments has not diminished. Perhaps this precisely indicates that true confidence comes from fundamental support, not just price fluctuations.