Jeff Garzik, an early Bitcoin developer, expressed a strong bullish outlook on Ethereum, emphasizing its vital role in the Web3 landscape anchored by the Ethereum Virtual Machine (EVM). Ethereum's price has surged past $3,800, with a growth of approximately 60% in the last month, raising questions among holders regarding the sustainability of this rally. Garzik notes that the ongoing investments and development on Ethereum affirm its long-term prospects, even amidst concerns about competitors like Solana. He highlights the significance of Ethereum's technology and its pervasive use in smart contract programming. Additionally, institutional investments and the recent inflows into Ethereum ETFs signal robust market interest. Garzik refrains from making specific price predictions but remains optimistic about Ethereum's technology, asserting that its robustness will keep it relevant in the coming decades amidst emerging rivals.

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