Many people are discussing that this wave is the explosive period of the Ethereum ecosystem and DeFi. My personal opinion is: 1. This wave of ETH rise is not due to fundamental changes brought about by upgrades 2. More of it comes from price adjustments to previous excessive fud emotions 3. Some of it comes from the expectation that ETF pledges may be approved 4. The ETH/BTC exchange rate remains at a historical low from 0.18-0.24 Regarding DeFi, blue chips are all on the rise, but new projects still lack attention and enthusiasm has not yet arrived