$ETH is in WORSE shape than $BTC right now.

The numbers:

ETH below $1,850 (-4% on the day, -11.1% week)

ETF outflows: 11+ straight days (longest 2026 streak)

On-chain usage cooling (median transfer + fees down)

Talk of EF structural overhaul

The flip side:

BitMine chairman: ETH is "future optionality at a DISCOUNT"

DeFi + AI could push ETH value multi-trillion

BitMine holds 5.42M ETH (conviction)

ETH is weak today. But the institutional thesis is buying the weakness.