Sharplink Head of Research: Institutions and Supply-Demand Dynamics May Become New Catalysts as Ethereum Enters a New Cycle

```htmlJinse Finance reports that Steven Ehrlich, Research Director at Sharplink, stated in an article that Ethereum started July 2026 strongly, with gains of about 11% so far this month. Historical data suggests that investors should pay attention to ETH's performance in July. Steven Ehrlich pointed out that the core advantage of ETH's July performance is not simply its volatility, but the asymmetry between increases and declines: when July sees gains, the average increase is about 43%, while in years when ETH declines, the average drop is only around 5% (from 2020 to 2025). Ethereum's major rally months in history have typically been driven by a combination of "Ethereum-specific catalysts and supply-demand imbalances." The current market environment presents similar opportunities, such as: institutional infrastructure being built, ongoing upgrades to Ethereum's roadmap, and companies continuously increasing their ETH holdings. Right now, Ethereum is entering a new stage of development, where institutional adoption, technical upgrades, and capital allocation may become important factors driving ETH's market performance.```