As expectations for improvements in the regulatory environment grow, I believe that the ETH Staking sector will be the sector with the greatest direct benefits, and Lido, as a leading project, may also be able to escape its current price dilemma.

In general, the "media war" between the two sides in this US election will greatly weaken the credibility of mainstream media and X social media, and Web3 social media platforms may usher in new development opportunities.

In general, the election results will be announced in the next week starting from Tuesday, November 5, and the progress of the result announcement will continue to affect asset prices during this period.

In general, I think there is no problem with the long-term trend of ETH, because there is actually no direct competitor in the market. Because in the narrative of Ethereum, the key to the positioning of "decentralized execution environment" is "decentralization" rather than "execution environment". This basic situation has not changed. There are two core reasons for the current bottleneck of ETH development. One is that the Restaking track has caused a vampire attack on Layer2 of the mainstream technology development path, diverting a large number of resources from the ETH ecosystem. And the core mechanism of Restaking will not create incremental demand for ETH, which directly leads to the inability of the application side to obtain sufficient development resources and user attention, and promotion and user education have stagnated. The second is that the key opinion leaders of the Ethereum ecosystem are becoming aristocratic, forming a class of interests, and the developer ecosystem lacks sufficient incentives, so innovation is naturally weak.