It is speculated that Ethereum will reach 14000-15000 in the second and third quarters of next year, and is currently in the first stage of pure speculation. Around 7000, it will enter the stage of actual RWA landing and cooperation with DeFi applications. There may be a 20% -30% level callback in the middle, accompanied by some macro or black swan events. If the Fed cuts interest rates in September, the market can continue to rise; A drop of 50bp in September, and the first market peak can be seen before October; If it doesn't decrease, it needs to be adjusted, but more water will be added later.