The privacy protocol upgrade plan for Ethereum is gradually taking shape, and this update may mark an important shift in the Ethereum architecture. What does it mean once transactions have optional privacy features?

From a technical perspective, Ethereum will no longer be a traditional completely transparent public chain, but will evolve towards a "hybrid privacy model." This is significant for high-net-worth users and institutional capital – their biggest concern about public chains is precisely the complete traceability of transactions. The addition of privacy features directly alleviates this compliance concern.

With the relatively mature channel of spot ETFs, the last technical barrier for incremental funds to enter is expected to be cleared. According to this logic, market expectations are likely to gradually warm up. Many analysts believe that $8500 may become a phased target price.

Of course, any technological upgrade takes time for the market to digest. Every fluctuation at this moment could be a potential opportunity window for participation. Paying attention to changes in Bitcoin liquidity, advancements in Ethereum technology, and the movements of whales can help you better understand the market rhythm.