Recent advancements in quantum algorithms have significantly improved the efficiency of attacks on elliptic curves like secp256k1, raising potential security concerns for Ethereum. While these developments do not yet threaten hash functions directly, they pose risks to Ethereum's account signatures, admin privileges, precompiled contracts, consensus signatures, and data availability. Accounts with exposed public keys and systems relying on BLS or KZG are particularly vulnerable. The window for post-quantum migration has opened, but caution is advised regarding NIST-recommended solutions, especially lattice-based cryptography. Ethereum stakeholders are urged to remain vigilant as quantum computing capabilities evolve.