The rules of the game have changed. The U.S. regulators have opened a compliance channel for banks to engage in Ethereum business, which is not just a minor policy adjustment, but a legitimate entry point for the traditional financial system into crypto assets.

The people on Wall Street have been watching from the sidelines for a long time. Now that the compliance framework has been established, it's said that the compliance departments of Goldman Sachs and JPMorgan Chase are working on a plan overnight. Before, it was a gray area, but now it's a licensed operation, which is completely different in nature. Institutional funds in the billions or hundreds of billions are on a completely different scale compared to retail investors with a few million.

The most crucial point is that the identity of ETH is changing—from a speculative target to a bank-configurable asset. With regulatory barriers cleared, we are likely to see custodial services, staking products, and even ETFs, which are traditional financial tools, gradually go live. Each one is a concrete catalyst.

The bank's approach is different from that of retail investors. They do not chase prices or sell at a loss, but instead build positions gradually at lower levels, buying while washing the market, a process that can drive people to doubt their life choices. However, once they lock ETH as a strategic asset in cold wallets, the market liquidity will only become tighter. As the ecosystem develops, with more institutional users and increased demand for DApps, ETH will truly become a financial-grade operating system.

This wave is not short-term speculation, but a long-term reassessment of fundamentals. There will definitely be short-term fluctuations, but if you are optimistic about this major change in the financial landscape, just hold onto the spot. The whales have already started to position themselves; are you one of the early movers or waiting to chase after the rise? Consider it carefully.