As of July 1, 2026, the latest news on Ethereum (ETH) presents a complex picture: on one side, continued weakness in market performance; on the other, institutional capital flowing in against the trend and steady progress on technical upgrades.

📉 Market Performance: Historic Straight Declines, Price Under Pressure

· Price and Quarterly Performance: ETH is currently trading around $1,560. Just-ended Q2 fell 24.77%, marking the first time in its history that it has finished three consecutive quarters in the red (Q4 2025: -28.28%, Q1 2026: -29.26%).
· On-chain Activity: The 14-day average active addresses on the network have dropped from about 795 thousand at the beginning of February to about 420 thousand.

🏦 Institutional Developments: Capital Flows Diverge

· ETFs Switch to Net Inflows: On July 1, 9 Ethereum ETFs reversed their recent slump and recorded net inflows of 12,455 ETH (about $30.13 million). However, the last two days of June still saw outflows of about $30 million.
· Public Companies Add Holdings Against the Trend: Ethereum treasury company Sharplink increased its holdings by 10,000 ETH (worth about $16 million) last week, the first time since October last year.
· Whales Build Short Positions: On-chain data shows that large investors newly opened 22,000 ETH short positions with 25x leverage, worth about $35 million.

🏛️ Ethereum Foundation: Restructuring and Funding Challenges

· Budget Cuts and Layoffs: The Foundation announced an annual budget cut of about 40% and laid off 54 employees (20%), aiming to reduce the annual spending proportion from 15% to about 5% by 2030.
· Architectural Restructuring: The Foundation reorganized into five new clusters, such as the protocol layer and access layer.
· Completion of Funding Commitments: The Foundation has completed its five-year funding commitment to Argot Collective. 4,938 stETH will be unlocked in two batches on July 1 and July 1, 2027.

⚙️ Technical Progress: Glamsterdam Upgrade Gathers Momentum, Ready to Launch

· Planned Timeline: Official confirmation has placed the upgrade in the second half of 2026.
· Core Objectives: Introduce parallel processing, ePBS (separation of proposer and builder within the protocol), and prevent database bloat.

💎 Summary
Overall, while Ethereum is going through the toughest market test since 2021, the shift in ETF funds on July 1 and Sharplink’s back-to-trend accumulation all indicate confidence from some long-term capital. Combined with the Glamsterdam upgrade plan aimed at achieving L1 parallelization scheduled for the second half of the year, short-term market maneuvering and long-term technical building are happening in parallel.#PreIPOs第二期OpenAI认购 $ETH ‌