ETH's latest upgrade may be the most underestimated qualitative change in a bear market

The June ETH hard fork is not an ordinary upgrade; it's a reconstruction of the underlying architecture.

Currently, the panic index has been at 10 for 49 days, setting a record for the longest duration in history.

Mainstream sentiment is forming a golden bottom, but almost no one is talking about it.

1. What exactly has this upgrade changed?

· Gas limit: 60 million → 200 million, Gas fees down by 78%

· TPS: hundreds → 10k

· Core mechanism: ePBS, separating verification and sharding, significantly enhancing institutional authority

Previous upgrades were like fixing a bridge; this time, it's a complete overhaul into a twelve-lane highway.

It's not just a quantitative change; it's a qualitative leap.

2. Why is this considered preparation for the global expansion of stablecoins? Traders and assassins

HK is about to give stablecoins a license—this is a clear signal.

AI Agents have exploded in growth over the past few months, with DEX trading volume skyrocketing.

Stablecoins are becoming the universal currency for AI—this is not a story; it's a fact that's happening.

ETH's upgrade is essentially laying down the high-speed highway for this track.

Figure 2 (bottom half):

3. The window period is perfectly aligned

· Ceasefire between the US and Iran, risk appetite recovers, US and Korean stocks rise together

· US TGA plummets, rapid liquidity injection, offsetting Iran's oil restrictions

· Overlapping with the flood season, miners are buying aggressively

A two-week golden window, timing is extremely precise.

4. How severe is the panic?

Panic index at 10, lasting 49 days.

The longest period of extreme panic in history.

Previous instances of panic at this level:

· 2012 March 20

· June 2022 LUNA collapse

· November 2022 FTX bankruptcy

What happened afterward, seasoned investors all understand.

If you forget, check the charts; it might blow your mind.

5. The most ironic part

If this upgrade had happened a few years ago, it would have been hyped up six months in advance.

Now, the entire internet is talking about scandals, gossip, and flame wars—no one is discussing the market.

Figure 3 (bottom comment section):

Buy when no one cares, sell when everyone is shouting.

Unfortunately, this article might not reach many people either. Just go with the flow.

US-Iran negotiations officially begin, 15-day countdown
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