币界网报道：Ethereum's perceived crisis overlooks its strategic focus on decentralized innovation, which is now yielding results despite criticisms about governance and high fees. Unlike Bitcoin's static "digital gold" approach or Solana's speed-focused model, Ethereum maintains functional governance and credible decentralization - key advantages for long-term innovation. Recent developments like the Proof-of-Stake transition and Pectra upgrade demonstrate Ethereum's technical evolution, while Bernstein analysts note growing investor interest reflected in ETH ETF inflows. BlackRock's ETHA fund added $492 million in one week, contrasting with Bitcoin ETFs' $582 million outflows. However, Ethereum's community must remain focused on building credibly neutral infrastructure rather than short-term price movements, as its decentralized approach - though more challenging - offers the only path to sustainable success in blockchain technology.