In this market phase, ETH always runs behind.

However, recently the market sentiment has changed a bit, it can be felt that ETH is about to make a comeback.
For example, "Wall Street prophet" Tom Lee has completed a funding round of 250 million USD through BitMine, almost entirely used to purchase ETH, making BitMine one of the largest holders of ETH, even surpassing SharpLink and the Ethereum Fund. As for the scale of the funds, that's a topic for another time, but it is evident that more and more companies view ETH as a long-term reserve tool.
And Ark Invest is also adjusting their strategy: on one hand, reducing their stakes in Coinbase and Robinhood, while on the other hand, increasing their holdings of 4.4 million shares of BitMine. What does this indicate? Institutions are no longer just looking at a single platform, but instead focusing on the overall development of the ETH ecosystem.
There is one more interesting thing, Tom Dunleavy of Varys Capital and Kyle Samani of Multicoin recently made a bet: whether ETH can surpass 10,000 USD by 2026. Although this is a personal action, it has also got many people starting to pay attention to the future of ETH.
Therefore, when we are interested in this industry, it is not just about looking at individual products, but also how it operates within the Web3 ecosystem.
Of course, the evaluation does not need to be urgent; what matters is to feel the changes that are happening.