#ETH# ETH Prague upgrade: Technical dividends struggle against the sell pressure curse.

1. Upgrade Highlights and Market Indifference On May 7th at 18:05, Ethereum completed the Prague hard fork upgrade, with major improvements including:
Rollup performance improved by 40%, Gas fees reduced to $0.01; EIP-3074 introduced to enable social recovery wallets;
Optimize cross-chain communication protocols.
The market generally believes that the Layer 2 track is severely competitive, and technological upgrades are difficult to translate into token value.
2. Ecological Dilemma: Developer Exodus, Application Stagnation
Number of developers: Ethereum's monthly active developers decreased by 12% month-on-month, while Solana surpassed it to become the most active public chain;
Application scenarios: DeFi TVL has fallen below $50 billion, and NFT trading volume has shrunk to 23% of its peak in 2024;
Institutional Exodus: Asset management giants like BlackRock and Fidelity have seen their ETH holdings drop to a two-year low.
Analysts warn: The ETH/BTC exchange rate has fallen to 0.02193 (a five-year low), and if it drops below 0.02, it will trigger large-scale liquidation. #BTC重返97k#