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In this wave of market trends, ETH has always lagged behind.
However, the market sentiment has changed a bit recently, and I can feel that ETH is making a comeback.
For example, "Wall Street Oracle" Tom Lee completed a $250 million financing through BitMine this time, almost entirely used to acquire ETH, which also made BitMine one of the largest holders of ETH, even surpassing SharpLink and the Ethereum Foundation. The amount is not the main point, but it is evident that more and more companies are treating ETH as a long-term reserve tool.
Ark Invest is also adjusting their portfolio: on one hand, they are reducing their holdings in Coinbase and Robinhood, while on the other hand, they have increased their position by 4.4 million shares in BitMine. What does this indicate? Institutions are no longer focusing solely on a single platform, but are placing more importance on the overall development of the ETH ecosystem.
Here's another interesting thing: Tom Dunleavy from Varys Capital and Kyle Samani from Multicoin recently made a bet to see if ETH can break $10,000 by 2026. Although it is a personal action, it has also drawn more attention to the future of ETH.
So when we focus on this industry, we should not just look at a single product, but rather how it plays a role in the Web3 ecosystem.
Of course, there's no hurry to judge anything; what's important is to feel the changes that are happening.