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


However, there has been a slight change in market sentiment 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 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 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 by 4.4 million shares in BitMine. What does this indicate? Institutions are no longer focusing solely on a single platform, but are instead 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 dollars by 2026. Although it's a personal action, it has also attracted more attention to the future of ETH.
So when we pay attention to 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 judge anything; what's important is to feel the changes that are happening.
ETH2.27%
ARK1.76%
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