Despite significant investments in spot Ethereum ETFs, the price of Ethereum (ETH) remains stagnant. Long-term investors, including members of the World Financial Liberty group tied to President Donald Trump, have been purchasing more ETH. However, with the upcoming Pectra upgrade and a lack of bullish catalysts, analysts expect ETH prices to continue struggling. The broader altcoin market, including DOGE, XRP, and SOL, has also faced downward pressure. The fear and greed index has dropped to its lowest level since October 2024, indicating increasing fear in the market. Additionally, the altcoin season index suggests weaker demand for altcoins compared to Bitcoin, with investors favoring Bitcoin over other cryptocurrencies.



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