In this wave of market movement, 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, "Wall Street Oracle" Tom Lee has completed a $250 million financing through BitMine, almost entirely used to acquire ETH, which also makes 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 stake in BitMine by 4.4 million shares. What does this indicate? Institutions are no longer focusing solely on individual platforms, but are placing greater 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 USD 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 don't just look at a single product, but rather how it plays a role in the Web3 ecosystem.
Of course, there is no rush to judge anything; what matters is to feel the changes that are happening.