As of July 1, 2026, the latest updates on Ethereum (ETH) reveal a complex situation: on one side, persistent weakness in market performance; on the other, institutional funds flowing in against the trend and technical upgrades moving forward steadily.

📉 Market performance: a historic streak of consecutive declines, with prices under pressure

· Price and quarterly performance: ETH is currently trading around $1,560. The just-ended Q2 fell 24.77%, marking the first time in its history that it has posted losses for three consecutive quarters (Q4 2025 -28.28%, Q1 2026 -29.26%).
· On-chain activity: The network’s 14-day average active addresses have fallen from about 790,000 at the beginning of February to about 420,000.

🏦 Institutional updates: fund flows diverge

· ETFs turn to net inflows: On July 1, nine Ethereum ETFs reversed the recent slump and recorded a net inflow of 12,455 ETH (about $30.13 million). However, the last two days of June still saw outflows of about $30 million.
· Public companies increase holdings against the trend: Ethereum treasury firm Sharplink increased its holdings by 10,000 ETH (worth about $16 million) last week, its first increase 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 layoffs of 54 employees (20%), aiming to reduce the annual expenditure ratio from 15% to about 5% by 2030.
· Restructuring of organization: The Foundation has reorganized into five new clusters, such as the protocol layer, access layer, and others.
· Completing 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: the Glamsterdam upgrade gathers momentum, ready to set off

· Planned timeline: The official has confirmed that the upgrade plan will be carried out in the second half of 2026.
· Core objectives: introduce parallel processing, ePBS (proposer–builder separation within the protocol), and prevent database bloat.

💎 Summary
Overall, although Ethereum is going through the most severe market test since 2021, the shift in ETF funds on July 1 and companies like Sharplink increasing holdings against the trend both show that some long-term capital remains confident. Combined with the Glamsterdam upgrade plan aimed at achieving L1 parallelization in the second half of the year, short-term market maneuvering and long-term technical building are moving forward at the same time.#PreIPOs第二期OpenAI认购 $ETH ‌