Is your $ETH worth $2,320 still in your hands?

Falling for half a year, cursing for half a year. The entire network has been shouting "Ethereum is done for," "The old chain should be buried," "SOL will overthrow ETH"—and what’s the result? In April, ETF net inflows reached $356 million, reversing six consecutive months of outflows. BitMine bought 100k ETH in one week, approaching 5 million holdings. The price quietly climbed back from $2,150 to $2,320, and it’s up 6.5% in the past 24 hours. Those who cut losses at $2,000, do you want to slap yourself now?

First, look at the surface: up 6.5%, but many are afraid to chase.

In the past 24 hours, ETH rose from around 2280 to 2340, with trading volume expanding to $7-8 billion. The daily chart shows continuous small positive candles, with $2300 repeatedly confirmed as strong support. But MACD is still below the zero line, and the ETH/BTC ratio is only 0.0295—gains are real, but most people are still skeptical.

First thing: institutions are bottom-fishing aggressively.

BitMine bought 100k ETH this month, worth $234 million, the largest single-week purchase in 2026. It now holds nearly 5 million ETH, accounting for 4.21% of the total supply, aiming for 5%.

In April, ETF net inflows reached $356 million, completely reversing the six-month net outflow trend. BlackRock’s staking-enabled ETF is still attracting funds.

Second thing: upgrades are not over, and each one is more aggressive.

Are you still worried whether the Pectra upgrade has been delivered? Let me tell you, two more nuclear bombs are on the way in 2026:

Glamsterdam (around June): parallel execution, gas fees down 78%, TPS target of 10k. Mainnet transaction fees nearly zero—this is no longer a dream.

Hegotá (H2): Verkle Trees go live, node storage requirements drop 90%. Ordinary people can run full nodes, taking decentralization to a new level.

Third thing: risks are real, but all are transparent.

ETH pending unlocks will surge 72,000% in two weeks, and the Foundation sold 10k ETH—these are all public information, and the market is already digesting it.

On one side: institutions are buying aggressively, ETFs are turning around, and two nuclear upgrades are on the way.

On the other side: unlocking pressure,