ChainCatcher news, top trader Eugene Ng Ah Sio posted on social media that throughout this bull market cycle, ETH has underperformed compared to SOL and BTC, with the most important reason being the current market position of ETH.Since the launch of the ETH ETF, the inflow of funds has been disappointing, leading to only the arbitrage buyers of ETHE becoming the ultimate winners. Most positions that were optimistic about the future have been shaken out during the price fluctuations. Currently, the ETH market is facing extreme negative sentiment and large OG whales capitulating. This suggests that ETH's current positioning may be at its lowest point ever.Additionally, Eugene believes that the weakening of competitor SOL is another reason. SOL's unique selling point lies in the boom of meme coins, which is now being challenged. Currently, two other ecosystems have launched Pumpfun clones, and some popular meme coins have emerged. Coupled with the fact that SOL ETF will not appear for some time, there is currently skepticism in the market about a large number of SOL long positions being liquidated.While these factors may not be enough to trigger a significant rise in ETH, sometimes all it takes is a "last-minute push" to spark a larger market movement. Only time will tell if it is too early to draw such conclusions now, or if this marks the beginning of a long-term structural bullish shift. But if this is indeed such a turning point, then it will no longer be possible to buy ETH at today's prices.

ChainCatcher news, according to Cointelegraph, since the launch of the U.S. Ethereum spot ETF on July 23, the price of Ethereum has dropped by more than 26%, with a cumulative net outflow of funds reaching $420.5 million.However, Aurelie Barthere, chief research analyst at the on-chain analytics platform Nansen, stated that the decline in Ethereum's price is not due to the ongoing outflow of funds from the ETF, but rather a lack of risk appetite among investors.

ChainCatcher news, Binance stated in a blog post that the approval of a spot ETH ETF is expected to significantly increase demand and drive up the price of Ether, similar to the trend with Bitcoin ETFs. Due to staking and smart contracts tightening the supply of ETH on exchanges, the price of ETH may be more sensitive to ETF inflows than BTC, potentially leading to more volatile price fluctuations.The SEC's restrictions on staking ETH held by ETFs may lead savvy cryptocurrency investors to prefer direct staking, which could suppress some demand for ETFs while catering to different investor audiences.

ChainCatcher news, Hashkey Capital Liquid Fund partner Jupiter Zheng stated that the outflow of funds from the Grayscale Ethereum Trust may put pressure on the ETH price after today's ETF launch, and it may also suppress market sentiment in the short term. However, similar to the Bitcoin ETF, investors may shift their funds to lower-cost options.

ChainCatcher news, according to CoinDesk, Steno Research predicts that the net inflow of funds for Ethereum spot ETFs in the past 12 months will reach $15 billion to $20 billion. The report states that due to strong ETF inflows and other positive factors, Ethereum is expected to reach $6,500 later this year.In addition, Galaxy Research estimates that the net inflow amount for spot Ethereum ETFs in the first five months will reach $5 billion, while Bitwise expects the inflow amount over the first 18 months to reach $15 billion.

ChainCatcher news, Arthur Cheong, the founder and CEO of the cryptocurrency investment firm DeFiance Capital, stated on X that the price of Ethereum may rise to the $4,500 mark before the first spot Ethereum exchange-traded fund (ETF) receives official approval.

ChainCatcher news, according to CryptoSlate, on-chain analytics company CryptoQuant warns that if the pending Ethereum spot ETF encounters uncertainty, the price of Ethereum may fluctuate.It warns that if the U.S. SEC rejects its ETF application or delays the approval process, ETH may experience "significant price adjustments."Additionally, high exchange traffic may lead to ETH price fluctuations in the coming days. Amid rumors of the Ethereum spot ETF awaiting approval, exchange traffic reached 62,000 ETH, the highest level since March.CryptoQuant stated that traders are actively opening long positions in the futures market in anticipation of an ETH price increase, creating upward price pressure, which has pushed the open interest in ETH from 2.8 million ETH to 3.2 million ETH, reaching the highest level since January 2023.

ChainCatcher news, according to CoinGecko market information, ezETH is quoted in the range of 3034-3072 USD on various platforms, still in a "depegged" state, with an approximate 3% discount compared to the ETH price.

ChainCatcher news, according to Bitget market data, the ETH price has broken through 2100 USD, currently quoted at 2113 USD, with a 24-hour increase of 1.35%.

ChainCatcher news, according to The Block, Standard Chartered Bank has stated that by the end of 2026, the price of Ethereum's native cryptocurrency ETH could rise from the current approximately $1,600 to $8,000.Geoffrey Kendrick, the bank's head of foreign exchange and cryptocurrency research, said in a report on Wednesday, "We believe that Ethereum's established dominance in the smart contract platform, along with emerging uses in gaming and tokenization, could potentially push ETH to the level of $8,000 by the end of 2026 (which is 5 times the current price of $1,600)."Kendrick indicated that the expected rise to $8,000 is seen as the first step towards the bank's previously set "long-term structural valuation" range of $26,000 to $35,000. While the long-term valuation assumes that Ethereum's future use cases and revenue streams may not yet have materialized, the real use cases in gaming and tokenization should support their development.

ChainCatcher news, according to Lookonchain monitoring, the whale address starting with 0xb154 withdrew 16 million USDT from Binance again 9 hours ago. This address had deposited 25,000 ETH (47.24 million USD) into Binance yesterday. The drop in ETH price 11 hours ago may have been caused by the sell-off from this address, which may still have about 8,000 ETH (approximately 14.7 million USD) unsold. (source link)

ChainCatcher message, the oracle Chainlink has integrated AAVE/ETH price feed on Ethereum, with the current price feed at 0.033559392. (source link)

ChainCatcher news, according to CMC market data, the ETH price has just fallen below 2000 USD, hitting a low of 1957 USD, with a daily decline of nearly 4%, and the current quote is 1993 USD.In addition, according to CoinGlass data, the total liquidation amount across the network in the past hour has exceeded 163 million USD, with ETH accounting for 34.8134 million. (Source link)

ChainCatcher news, according to OKX market data, the ETH price has just broken through $2000, reaching a high of $2006, with a daily increase of about 5%. The current quote is $1996. This is the first time ETH has broken through $2000 since August 14, 2022.

ChainCatcher news, PeckShield monitoring shows that as the ETH price drops, a MakerDAO vault will face liquidation when the ETH price falls to $1284.684, with a total debt of approximately 3.3 million DAI. (source link)