In this wave of market trends, ETH has been lagging behind.

However, the market sentiment has changed a bit recently, and I can feel that ETH is coming back.
For example, Tom Lee, the "Wall Street Oracle", has completed a $250 million financing through BitMine, almost all of which is used to acquire ETH, making 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 layout: on one hand, they are reducing their holdings in Coinbase and Robinhood, while on the other hand, they have increased their stake by 4.4 million shares in BitMine. What does this indicate? Institutions are no longer only focusing 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's a personal action, it has also drawn more attention to the future of ETH.
So when we focus on this industry, we should not only look at individual products but also see how they play a role in the Web3 ecosystem.
Of course, there's no rush to make judgments; what's important is to feel the changes that are happening.