[Opinion: Ethereum Developer Ecosystem Similar to iPhone Platform, Price May Rise to $8,000–$10,000] Odaily Planet Daily reported that Amberdata Derivatives Director Greg Magadini stated that Bitcoin is currently like a hybrid of digital gold and a risk asset. Against the backdrop of a rising stock market and simultaneous pressure on the Federal Reserve to cut interest rates, this asset is being driven by both sentiments. Although some people call Ethereum outdated technology, Ethereum has a developer ecosystem, much like the iPhone platform, allowing developers to build applications directly on its infrastructure. These network effects will only continue to accumulate, so Ethereum's price is expected to keep following Bitcoin's upward trend, potentially reaching the $8,000 to $10,000 range. (Decrypt)