Jeff Garzik, a prominent early Bitcoin developer, expresses optimism about Ethereum, suggesting it will remain a key player in the Web3 landscape. As the price of ETH surged past $3,800—a 60% increase in a month—Garzik attributes this momentum largely to the utility of the Ethereum Virtual Machine (EVM). He emphasizes that most projects are built on the EVM, fueling confidence in Ethereum's longevity. Despite a brief dip earlier in April, when ETH dropped to $1,410, confidence in its technology has rebounded with significant investments from institutional sources and the emergence of Ethereum treasury companies amassing ETH. Garzik believes Ethereum's underlying technology will ensure its essential role in the crypto ecosystem for the next decade or more, distancing it from its so-called 'Ethereum killers'. He does not provide a specific price prediction but underscores the importance of technology over short-term price fluctuations.

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