Speculating that Ethereum will reach 14,000-15,000 in the second or third quarter of next year. It is currently in the first stage of pure speculation. Around 7,000, it will enter a substantial phase of RWA implementation and DeFi applications, with a possible 20%-30% level of correction in between, influenced by some macroeconomic or black swan events. If the FED cuts interest rates in September, the market can continue to rise; a 50bp cut in September could lead to the first market peak before October. If there is no cut, an adjustment will be necessary, but more liquidity will be injected later.