I predict Ethereum will reach 14,000-15,000 in the second or third quarter of next year. It's currently in the first phase of pure speculation. Around 7,000, it will enter the phase of real-world RWA implementation and DeFi application integration. There may be a 20%-30% pullback in between, depending on macroeconomic events or black swan events. If the Fed cuts interest rates in September, the market could continue to rise. A 50bp cut in September could see the first peak before October. If it doesn't, there will be adjustments, but more liquidity will be released later.