Sharplink Research Manager: Institutions and demand and demand or new catalysts, Ether is entering a new cycle

According to a letter from Steven Ehrlich, the head of the Sharplink research programme, the ETA opened in July 2026 and has so far grown by about 11 per cent, with historical data indicating that investors or people should be concerned about the ETH July performance. Steven Ehrlich notes that the core strength of the ETH July scenario is not simply volatility, but asymmetrical between rise and fall: When it rose in July, the average was about 43 per cent, while the average decline in the year of decline was only about 5 per cent (from 2020 to 2025). The months of ETH history are usually driven by “the ETA-specific catalyst plus the supply-demand imbalance” and there are similar opportunities in the current market environment, such as the ongoing construction of institutional infrastructure, the continuous upgrading of the ETHA road map, and the sustained growth of business capital, which is now entering a new stage of development, with institutional adoption, technological upgrading, and the allocation of funds as important factors that can drive the ETH situation。