ETH's recent performance has been quite promising. The price remains around $3,100, having increased by over 1% in the past day, and the weekly gain is close to 4%, clearly showing a rebound momentum.

The real driving force comes from the technical side. The recent hard fork raised the blob cap to 21, directly amplifying Layer 2's processing capacity, significantly reducing transaction fees, and the TVL of the L2 ecosystem has already surpassed $300 billion. In other words, Ethereum's advantages as a smart contract platform have been further strengthened.

Actions from institutional players are also heating up. ETF capital flows are stabilizing, and major participants are continuously staking large amounts of ETH. Traditional giants like BlackRock have also been more active recently, indicating they are building confidence.

Looking ahead, 2026 will see many new developments—RWA tokenization, restaking protocols, and further upgrade plans (such as Fusaka) will all push for practical application deployment. Market expectations for ETH are also high, with some voices suggesting it could surge to the $4,500-$11,000 range.

In the short term, amid a warming risk appetite, ETH is likely to continue upward. Entering at this position to go long is a relatively comfortable timing.