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As Ethereum 
$2,569 attempts to test the $2,000 level, investors remain cautious. The decline in market volume and the reduction in open positions indicate a pause in the investment environment. Significant transfers by large holders are putting pressure on prices, as many market participants are concerned about the absence of staking features in spot Ethereum ETFs, leading to uncertainty among institutional investors.
Whale Transfers Threaten Price Stability
Despite Ethereum’s price nearing $2,000, it struggles to maintain momentum. Analysts suggest that major ETH transfers by early investors are obstructing this resistance level. Data from blockchain analytics firms reveals that an Ethereum investor transferred 34,125 ETH to Coinbase, which were sent at an average price of $1,970. This indicates that the investor is likely profiting significantly by selling previously acquired ETH at lower prices.
Such large transactions can cause volatility across the market. High-volume transfers during periods of low trading activity can lead to sharper price reactions, undermining investor confidence. Especially during this crucial time when Ethereum finds it hard to exceed the significant $2,000 level, large sales could amplify downward pressure.
Lack of Staking in ETF Products Raises Concerns
Interest in spot Ethereum ETFs has not reached anticipated levels. Market experts indicate that a major reason for this is the absence of staking features. Staking returns have become a significant factor for institutional investors in their Ethereum investments, combining passive income opportunities with long-term strategies.
Robbie Mitchnick, Head of BlackRock Digital Assets, highlighted the absence of staking in ETFs as a major shortcoming. He emphasized that staking is a fundamental component of investment returns in this space. These remarks provide essential insights into why institutional investors are hesitant regarding ETFs.
Crypto asset managers like Bitwise are beginning discussions with regulatory bodies to introduce staking features to ETFs. If these regulations are implemented, ETF investors could be protected against volatility and potentially earn additional returns. However, the current disinterest in these products may still suppress Ethereum’s price potential in the short term.
