Ethereum Resistance at $2,600: Institutional Bets Fuel Uncertainty

Analyst Michaël van de Poppe highlights the $2,600 level as a critical barrier for Ethereum (ETH), urging investors to watch out for potential price retraces before a reversal. The weekend effect on market volatility further complicates investor sentiment. Despite short-term uncertainty, institutional investors remain bullish on ETH. BlackRock and other ETF issuers have invested $240 million in ETH, anticipating both the ongoing spot market strength and potential regulatory approval for Ethereum staking ETFs. If granted, these ETFs would unlock significant passive income opportunities through staking, adding a new layer to traditional ETF exposure.