In this wave of the market, ETH has always lagged behind.

However, the market sentiment has changed a bit recently, and you 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: reducing their holdings in Coinbase and Robinhood while increasing their stake in BitMine by 4.4 million shares. What does this indicate? Institutions are no longer just focusing on a single platform, 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 by 2026. Although it's a personal action, it has also led more people to pay 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's important is to feel the changes that are happening.