Daimao

Market Performance: Historic Consecutive Declines, Price Under Pressure
· Price and Quarterly Performance: ETH is currently trading around $1,560. The past Q2 fell by 24.77%, marking the first time in history that it has closed lower for three consecutive quarters (Q4 2025 fell 28.28%, Q1 2026 fell 29.26%).
· On-Chain Activity: The network's 14-day average active addresses have dropped from approximately 795k in early February to about 420k.
🏦 Institutional Dynamics: Diverging Capital Flows
· ETF Turns to Net Inflow: On July 1, nine Ethereum ETFs reversed their recent downturn, achieving a ne

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 t

ETF turns to net inflow: On July 1, nine Ethereum ETFs reversed their recent downtrend, recording a net inflow of 12,455 ETH (about $30.13 million). However, the previous two days of June still saw outflows of about $30 million.
· Contrarian increase by listed company: Ethereum treasury company Sharplink increased its holdings by 10,000 ETH (worth about $16 million) last week, the first time since October last year.
· Big whale builds a short position: On-chain data shows that a large investor opened a new 25x leveraged short position of 22,000 ETH, worth about $35 million.
🏛️ Ethereum

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, contrarian inflows of institutional funds and steady progress in technology upgrades.
📉 Market Performance: Historic Consecutive Declines, Price Under Pressure
· Price and Quarterly Performance: ETH is currently trading near $1,560. The just-concluded Q2 dropped 24.77%, marking the first time in history that it has closed lower for three consecutive quarters (Q4 2025 down 28.28%, Q1 2026 down 29.26%).
· On-Chain Activity: The network's 14-day a

As of June 3, 2026, ETH is experiencing a highly volatile period, primarily influenced by the macro environment and institutional fund behavior.
· Price Breaks Below Key Psychological Level: Amid geopolitical tensions and macroeconomic uncertainty, the cryptocurrency market has seen a broad decline. ETH's price fell below $1,900, briefly touching a March low of $1,837.93, marking a drop of over 62% from its all-time high of $4,878.26.
· Institutional Funds Continue to Flow Out: Market sentiment is directly affected by institutional investors "voting with their feet." U.S. spot Ethereum ETFs ha

As of June 3, 2026, ETH is going through a highly turbulent period, mainly driven by the macro environment and institutional capital flows.
· Price falls below key psychological levels: Affected by geopolitical tensions and macroeconomic uncertainty, the entire cryptocurrency market has sold off broadly. ETH’s price broke below $1,900 and briefly dipped to a March low of $1,837.93. Compared with its all-time high of $4,878.26, it is down more than 62%.
· Continued institutional capital outflows: Market sentiment is directly affected by institutions “voting with their feet.” The U.S. spot Ether

As of June 3, 2026, ETH is experiencing a highly volatile period, primarily influenced by the macroeconomic environment and institutional fund behavior.
· Price Breaks Key Psychological Level: Affected by geopolitical tensions and macroeconomic uncertainty, the cryptocurrency market has fallen across the board. ETH's price dropped below $1,900, briefly touching a three-month low of $1,837.93, down over 62% from its all-time high of $4,878.26.
· Sustained Institutional Outflows: Market sentiment is directly impacted by institutions "voting with their feet." The U.S. spot Ethereum ETF has seen n

As of June 3, 2026, ETH is experiencing a very volatile period, primarily influenced by the macro environment and institutional fund behavior.
· Price breaks below key psychological level: Affected by geopolitical tensions and macroeconomic uncertainty, the cryptocurrency market has fallen across the board. ETH price fell below $1900, briefly dipping to a March low of $1837.93, down over 62% from its all-time high of $4878.26.
· Institutional funds continue to outflow: Market sentiment is directly impacted by institutions "voting with their feet." U.S. spot Ethereum ETFs have seen net outflows

As of June 3, 2026, ETH is experiencing a highly volatile period, primarily influenced by macroeconomic conditions and institutional fund flows.
· Price breaks below key psychological level: The cryptocurrency market has seen a broad decline due to geopolitical tensions and macroeconomic uncertainty. ETH’s price fell below $1,900, briefly dropping to a March low of $1,837.93, a decline of over 62% from its all-time high of $4,878.26.
· Continued institutional outflows: Market sentiment is directly impacted by institutions “voting with their feet.” U.S. spot Ethereum ETFs have recorded net outf

As of June 3, 2026, ETH is experiencing a very turbulent period, mainly influenced by macroeconomic conditions and institutional fund behaviors.
· Price breaks key psychological level: Affected by geopolitical tensions and macroeconomic uncertainties, the cryptocurrency market declines across the board. ETH price falls below $1,900, briefly dropping to the March low of $1,837.93, down more than 62% from its all-time high of $4,878.26.
· Continuous outflow of institutional funds: Market sentiment is directly impacted by institutional "voting with their feet." The US spot Ethereum ETF has experi

Prices fall below key psychological threshold: Affected by geopolitical tensions and macroeconomic uncertainties, the cryptocurrency market declines across the board. ETH price drops below $1,900, briefly reaching the March low of $1,837.93, down more than 62% from the all-time high of $4,878.26.
· Institutional funds continue to flow out: Market sentiment is directly impacted by institutional "vote with their feet." The US spot Ethereum ETF has experienced net outflows for three consecutive weeks. In May alone, net outflows reached $401 million, with recent single-day outflows also hitting

As of June 3, 2026, ETH is experiencing a very turbulent period, mainly influenced by macroeconomic conditions and institutional fund behaviors.
· Price breaks key psychological level: Affected by geopolitical tensions and macroeconomic uncertainties, the cryptocurrency market declines across the board. ETH price falls below $1,900, briefly dropping to the March low of $1,837.93, down more than 62% from its all-time high of $4,878.26.
· Continuous outflow of institutional funds: Market sentiment is directly impacted by institutional "voting with their feet." The US spot Ethereum ETF has experi

As of June 3, 2026, ETH is going through a highly turbulent period, mainly driven by macro conditions and institutional fund activity.
· Price falls below key psychological level: Affected by geopolitical tensions and macroeconomic uncertainty, the entire cryptocurrency market is declining across the board. ETH’s price fell below $1,900, and briefly dipped to the March low of $1,837.93; it is now down more than 62% from its all-time high of $4,878.26.
· Ongoing outflow of institutional funds: Market sentiment is directly impacted by institutions “voting with their feet.” The US spot Ethereum

· Price falls below a key psychological threshold: Affected by geopolitical tensions and macroeconomic uncertainties, the cryptocurrency market declines across the board. ETH price drops below $1,900, briefly reaching the March low of $1,837.93, down more than 62% from its all-time high of $4,878.26.
· Institutional funds continue to flow out: Market sentiment is directly impacted by institutional "vote with their feet." The US spot Ethereum ETF has experienced net outflows for the third consecutive week. In May alone, net outflows reached $401 million, with recent single-day outflows also hit

Prices fall below key psychological threshold: Affected by geopolitical tensions and macroeconomic uncertainties, the cryptocurrency market declines across the board. ETH price drops below $1,900, briefly reaching the March low of $1,837.93, down more than 62% from the all-time high of $4,878.26.
· Institutional funds continue to flow out: Market sentiment is directly impacted by institutional "vote with their feet." The US spot Ethereum ETF has experienced net outflows for three consecutive weeks. In May alone, net outflows reached $401 million, with recent single-day outflows also hitting

Prices fall below key psychological threshold: Affected by geopolitical tensions and macroeconomic uncertainties, the cryptocurrency market declines across the board. ETH price drops below $1,900, briefly reaching the March low of $1,837.93, down more than 62% from the all-time high of $4,878.26.
· Institutional funds continue to flow out: Market sentiment is directly impacted by institutional "vote with their feet." The US spot Ethereum ETF has experienced net outflows for three consecutive weeks. In May alone, net outflows reached $401 million, with recent single-day outflows also hitting

Ecology and Institutions: A Song of Ice and Fire
From the perspectives of ecology and institutions, Ethereum presents a complex situation, with intense competition between old and new forces.
· Replacement of old and new forces: On one hand, early investors are reducing their holdings, for example, an early investor recently liquidated about $136 million worth of ETH; on the other hand, large institutions or companies like BitMine continue to make significant purchases, currently holding about 4.37% of the circulating supply, worth approximately $12 billion in ETH.
· Whales continue to increas

As of June 3, 2026, ETH is going through a highly volatile period, mainly driven by macro conditions and institutional capital flows.
· Price breaks key psychological level: Driven by geopolitical tensions and macroeconomic uncertainty, the entire cryptocurrency market is falling across the board. ETH price broke below $1,900 and briefly dipped to the March low of $1,837.93. It is now down more than 62% from its all-time high of $4,878.26.
· Ongoing outflows of institutional funds: Market sentiment is directly impacted by institutions “voting with their feet.” The US spot Ethereum ETF has re

Prices fall below a key psychological level: Driven by geopolitical tensions and macroeconomic uncertainty, the entire cryptocurrency market has declined across the board. ETH has fallen below $1,900, briefly dipping to the March low of $1,837.93—down more than 62% from its all-time high of $4,878.26.
· Institutional funds continue to leave: Market sentiment is directly affected by institutions “voting with their feet.” The US spot Ethereum ETF has recorded net outflows for the third consecutive week. In particular, net outflows in May alone reached $401 million, and recent single-day outflo