Ethereum has seen significant price growth recently, with its value soaring past $3,800 and increasing roughly 60% over the past month. Jeff Garzik, an early Bitcoin developer, expresses a strong belief in Ethereum's longevity, attributing its potential success to the widespread use of the Ethereum Virtual Machine (EVM). Despite concerns regarding emerging rivals like Solana, Garzik argues that the robust ecosystem around Ethereum and the utility of its technology will ensure its prominence in the Web3 landscape. Ethereum's recent resurgence is further supported by institutional investments and substantial inflows into Ethereum ETFs. Garzik emphasizes the importance of technological resilience over mere price fluctuations, envisioning Ethereum and Bitcoin as dominant forces in the blockchain sphere for years to come.

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