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

📉 Market performance: historical consecutive declines, price under pressure

· Price and quarterly performance: ETH is currently trading around $1,560. The just-ended Q2 fell 24.77%, marking the first time it has recorded three straight quarters of declines (Q4 2025 fell 28.28%, Q1 2026 fell 29.26%).
· On-chain activity: the 14-day average number of active addresses has dropped from about 795,000 in early February to about 420,000.

🏦 Institutional updates: capital flows diverge

· ETFs turn to net inflows: on July 1, nine Ethereum ETFs reversed the recent slump and achieved 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.
· Listed companies add to holdings against the trend: Ethereum treasury company Sharplink increased its holdings by 10,000 ETH (worth about $16 million) last week, its first increase since October of last year.
· A large whale establishes short positions: on-chain data shows that a large investor newly opened 22,000 ETH short positions with 25x leverage, worth about $35 million.

🏛️ Ethereum Foundation: reorganization and funding challenges

· Budget cuts and layoffs: the Foundation announced an annual budget reduction of about 40% and laid off 54 employees (20%), aiming to reduce the annual spending ratio from 15% to about 5% by 2030.
· Architectural reorganization: the Foundation reorganized into five new clusters, including the protocol layer, the access layer, and others.
· Completion of funding commitments: the Foundation has fulfilled its five-year funding commitment to Argot Collective, and 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 launch

· Planned timeline: the official has confirmed that the upgrade plan will take place in the second half of 2026.
· Core goals: introduce parallel processing, ePBS (proposer-builder separation within the protocol), and prevent database bloat.

💎 Summary
Overall, although Ethereum is undergoing the most severe market tests since 2021, the shift in ETF funding on July 1 and companies like Sharplink adding to holdings against the trend both show confidence from some long-term capital. Combined with the Glamsterdam upgrade plan—designed to achieve L1 parallelization—scheduled for the second half of the year, short-term market maneuvering and long-term technical development are moving forward in parallel.#PreIPOs第二期OpenAI认购 $ETH ‌