From technological innovation to policy-driven review of the past few rounds of ETH price roller coaster

2025Year is another year of huge fluctuations in Ethereum.

Early2015In 2019, I looked down on Ethereum. I foolishly believed that changing the protocol based on Bitcoin, especially side chain technology, was completely enough to realize all innovations in blockchain, and it was completely unnecessary to establish a set of consensus.

I’m really starting to focus on Ethereum2016-2017Year’sICO.ICOThe invention can definitely rank among the greatest inventions in the currency circle.

FollowedICOThe popularity of Ethereum100Prices below USD have risen sharply in two years1000More dollars.The highest reached1400More dollars.

But alsoICOThe bubble burst,2018At the end of the year, it directly rebounded and fell sharply.100Below USD.

exist2020Year,defiWith the reinvention and popularity of my work, I began to shift my focus to Ethereum.defiIt also brought about a super bull market for Ethereum prices. The price has been booming for more than two years, from a few hundred dollars to a long time.4815The peak.

exist2020Year,2021Year,2022Year is the three most awesome years of innovation in the entire currency circle (mainly Ethereum innovation).defi,NFT,rollup,zk, all of them matured a few times.I missed the days when there were so many innovations and research in those years, and it took a lot of money to do.ETH gas, unexpectedly got a lot of airdrops.

exist2022Years, withLuna\3ac\ftxSomething happened one after another, and the huge bubbles and leverage of the entire Ethereum ecosystem experienced a terrifying series of liquidations, and the prices continued to rise.4000, fell back880Dollar.

That explosion was definitely epic, and the price decline must have been so large in history, but the total amount of people, companies, institutions, coins and money involved in that time should be the most famous level in human history.

along with2023In 2019, Wall Street began to promoteETF, the market of Ethereum has also begun to stabilize, first of all,BTCIt has risen steadily.

2024Years, withETFEthereum is also enthusiastic about its implementation1500Long dollar, as soon as it fell, it rose rapidly4100the second peak.

but2023Year is here2024In 2019, I felt that many Ethereum enthusiasts were extremely confident, and everyone firmly believed it.ETHWill exceed the previous height.I have also been influenced by this fanaticism in the past two years. I once sold ether to my relatives and friends, but forgotBCHThe disaster brought to me.

But the facts are not what everyone wants.ETFAfter landing,ETHPrice from4100As soon as the price falls, the price falls back2000.

Especially andBTCIn comparison, Ethereum’s price performance is really bad.ETH/BTCThe exchange rate has become a joke for the entire industry.EGuards became synonymous with idiots.

Enter2025In 2019, Ethereum ushered in a disaster moment.TrumpThe president launched a US tariff war against the world, and once hit the price of Ethereum1300, back8Years ago2017The annual price is really scary.

2025In the second half of 2018, Ethereum’s price surged magically, mainly due to the influence of various favorable policies in the United States, especially the stablecoin bill and the news that the Federal Reserve wants to cut interest rates.

2025Year8moon14On the day, Ethereum’s price reached its highest point in history and reached its4700,Leave4800The highest in history is just a little short of the last.

Ethereum’s price has completed a transformation from innovation to policy-driven.

Innovation-driven prices will always bring new bubbles. Technological innovation requires issuance of coins, and issuance of coins will lead to a fanaticism, which will push the bubble, and then it will burst and will definitely plummet.

It seems like this will always be the case.The same is true for the Internet. Looking back at the entrepreneurship of China’s mobile Internet, the same is true for this.

What after policy-driven?

I feel that the policy is coherent and predictable, which may make the currency price more stable.

People and institutions that come from policies are often richer.Well, looking at the people and companies that come from innovation, they are relatively more adventurous, but they are obviously poorer.

But now looking at Wall Street, micro-strategy,sharpLink Gameing, I feel too greedy, I’m making money+The concept of stock financing is in the stock market. If you spend a lot of money on others to buy coins, you will definitely not feel sorry for the money. You will issue high-profile announcements. I have bought tens of billions of dollars. I don’t know how many rats are behind it.

I think the currency circle is destined to be unstable.

I’ll letchatgptI searched for famous events that drove Ethereum price fluctuations. It was very exciting.

• 2015‑08‑01｜The early stage of main network online (monthly average)｜$1.36

• 2016‑06‑17｜The DAOBeing blacked out (in the disk$21.5→$14)｜$~18*

• 2017‑06‑12｜ICOHot: First time breaking$400｜$401.49

• 2017‑12‑10｜CryptoKittiesCrush the network｜$441.72

• 2018‑01‑13｜ICOThe bubble peaks (in the plate~$1,431)｜$1,346

• 2018‑12‑15｜Bear market bottom｜$84.44

• 2020‑06‑15｜DeFi Summer:COMPExcavation｜$244.56(6‑20)