If you can't hold $ETH , please take a look at this article, why is Ethereum said to be a Wall Street conspiracy?
From the end of 2024 to April 2025, ETH plummeted from $4000 to $1500. This is not a collapse in value, but a complete change of hands. Retail investors panicked and sold at a loss, the concentration of chips skyrocketed, and a large amount of ETH flowed into the hands of a few institutions and whales, quietly changing the control of the market.
At the same time, the Wall Street-style accumulation is unfolding. Several US stock companies directly bought ETH through financing, such as SBET buying more than 170,000 ETH with $425 million, and BMNR investing $250 million in ETH staking and DeFi yields. These companies treat ETH as a strategic reserve, just like Tesla once bought Bitcoin, but the scale is continuously expanding.
More importantly, behind this are Ethereum OGs and top capital, including Pantera, Consensys, Peter Thiel, Galaxy Digital, and others. They not only hold the chips but also deeply participate in the construction of the Ethereum ecosystem, with influence spanning on-chain and off-chain.
The narrative is also switching. In the past, the price story of ETH came from DeFi, NFT, and L2 technological innovations; now it is packaged as "stakable yielding digital treasury bonds," with stable returns and long-term scarcity, making it naturally suitable for institutional holding. This financialized narrative can attract more traditional capital to enter.
The on-chain fundamentals are equally solid. EIP-1559 continues to bring deflation, with a staking rate exceeding 25% significantly reducing the circulating supply, and the EIP-4844 expansion upgrade has already been implemented, laying the foundation for future ecological expansion.
Compliance is the biggest driving force!
ETH has shifted from retail consensus to institutional collusion. The concentration of chips, stable yield narrative, and reduced supply, these three forces combined mean that its price still has strong upward potential in the medium to long term.
