In this wave of the market, 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 allocate ETH, making BitMine one of the largest holders of ETH, even surpassing SharpLink and the Ethereum Foundation. Without discussing the size of the amount, it can be seen 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 position by 4.4 million shares of BitMine. What does this indicate? Institutions are no longer focusing solely on a single platform, but rather 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 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 a single product but also see how it plays a role in the Web3 ecosystem.
Of course, there's no rush to judge anything; what matters is to feel the changes that are happening.