Price and Quarterly Performance: ETH is currently trading around $1,560. The just-concluded Q2 dropped 24.77%, marking the first time in its history that it has declined for three consecutive quarters (Q4 2025 -28.28%, Q1 2026 -29.26%).


· On-chain Activity: The network's 14-day average active addresses has dropped from approximately 795k in early February to about 420k.

🏦 Institutional Dynamics: Capital Flow Divergence

· ETF turns to net inflow: On July 1, nine Ethereum ETFs reversed their recent decline, achieving a net inflow of 12,455 ETH (approximately $30.13 million). However, the last two days of June still saw outflows of about $30 million.
· Listed companies increase holdings against the trend: Ethereum treasury company Sharplink increased its holdings by 10,000 ETH (worth approximately $16 million) last week, the first time since last October.
· Whales establish short positions: On-chain data shows that a large investor opened a new short position of 22,000 ETH with 25x leverage, worth approximately $35 million.$ETH
ETH5.38%
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Daimao
· 8h ago
Long-term holding!!!!!!!!!!!!!!!!!!!
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