What Am I Missing With ETH?
I've been watching ETH around $1,900 and honestly can't tell what I'm supposed to be seeing. People keep talking about institutional interest and ETF demand, but the price itself still looks pretty stuck.
Is there something happening underneath the price that I'm missing, or are people just getting ahead of themselves?
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4 replies
I don't think you're missing much. The interesting part is that the interest hasn't completely disappeared even though price action has been pretty disappointing. ETH has still been getting institutional attention, but that hasn't translated into a clean move higher yet.
Yeah, that's what I've been watching too. There was some decent ETH ETF activity recently, but the bigger question for me is whether that demand sticks around. One good week doesn't really tell us much.
So does that mean the price isn't really telling the whole story? I always assumed falling or sideways price meant people weren't interested.