According to news from CoinWorld, on October 2, HTX market data shows that Ethereum has risen above 4400 USD, currently priced at 4412 USD, with a 24-hour increase of 6.72%.

#稳定币市场发展 After watching this debate on the value logic of ETH, I believe both sides have their points. Tom Lee is overly optimistic, while Andrew Kang may be overcorrecting. In fact, the future of ETH is likely to be somewhere in between. From the data, the growth of stablecoins and RWAs has indeed not brought the expected increase in returns for ETH. This indicates that the positioning of ETH as a "financial base" is facing challenges. At the same time, the idea of institutions massively buying ETH for staking also lacks a realistic foundation. On the other hand, ETH is still the largest smart contract platform, with a vast developer ecosystem and user base. Although it faces competition from Layer 2 and other public chains, it is unlikely to be completely replaced in the short term. My judgment is that ETH may oscillate within a wider range in the future. It is unlikely to reach the $60,000 predicted by Tom Lee, but it also will not crash as Andrew Kang suggested. Investors should pay attention to ETH's progress in technical upgrades, ecological expansion, and other aspects, rather than blindly chasing up and down.