In this wave of the market, ETH has一直落后.

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 financing of 250 million dollars through BitMine, almost entirely used to acquire ETH, which has also made 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 clear 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 stake by 4.4 million shares in BitMine. What does this indicate? Institutions are no longer just focusing on a single platform but are placing more 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's a personal action, it has also made more people pay attention to the future of ETH.
So when we focus on this industry, we should not only look at individual products, but also see how they function within the Web3 ecosystem.
Of course, it's not urgent to judge anything for now; what's important is to feel the changes that are happening.