币界网报道：This article explores the metaphor of Ethereum (ETH) as "digital oil" and its plausibility. The article reviews the importance of oil in World War II, pointing out that the scarcity of oil resources determined the outcome of the war. The article then analyzes how the metaphor of "data is the new oil" affects the technology and cryptocurrency fields, especially the Ethereum ecosystem. The report predicts that ETH can be worth $8,000 in the short term and may even reach $706,000 in the long term, based on its comparison with the global $8.5 trillion oil market. However, the article points out that there are many challenges to this metaphor: Ethereum's major "gas" consumers such as Uniswap and Tether are turning to more energy-efficient solutions; Ethereum faces fierce competition from other Layer 1 blockchains; Ethereum's economic scale is not yet sufficient to give ETH a dominance similar to oil. The conclusion is that although ETH may become a global reserve asset, it is still difficult for institutional investors to accept it as "digital oil."