Analyst Says You’re Not Bullish Enough On Ethereum – What Does He Mean?
A growing number of analysts believe Ethereum’s current price action is being misunderstood. Although frustration is
Ethereum Price Chart. Source: @Tryrexcrypto on X
The Bigger Picture Behind Ethereum’s Price Action
Ethereum is entering 2026 without clear bullish momentum, a reality that has dampened sentiment across the spot and derivatives markets. Spot ETF inflows into Ethereum and Bitcoin have slowed down, and issuers have been highlighted with consistent days of outflows.
Nonetheless, major asset managers are still holding huge amounts of Ethereum and are working on diversifying their activities on Ethereum. BlackRock, for example, filed with the SEC in December to launch a staked Ethereum exchange-traded fund, a move that will bring in more institutional investors into the Ethereum ecosystem.
Related Reading
Speaking of staking, BitMine Technologies recently amped up its ETH staking to over $5.71 billion worth of Ethereum. On-chain data from Arkham Intelligence shows that the firm has staked an additional 171,264, worth $503.2 million, pushing its total stake to over 1.94 million ETH.
Featured image from Unsplash, chart from TradingView
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