Ethereum Fails to Rally Despite Bullish Vitalik Sentiment
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Ethereum briefly rose nearly 5% from a weekend low near $2,020 to about $2,115 after Vitalik Buterin said the Ethereum Foundation may cut future ETH treasury sales, but the move failed to break key resistance. ETF outflows, whale shorting and weak spot demand have kept ETH under pressure, leaving it down nearly 29% year-to-date and about 9% over the past two weeks as traders rotate toward Solana and rival blockchains, highlighting risks for price and adoption in the crypto and DeFi ecosystem.
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- Ethereum sentiment turned bullish after Vitalik’s comments, but ETH still failed to break key resistance.
- ETF outflows, whale shorts, and weak spot demand kept Ethereum under pressure despite active buying.
- Ethereum dropped nearly 29% this year as traders shifted focus toward Solana and rival blockchains.
Ethereum failed to build on early gains this week, even after Vitalik Buterin said the Ethereum Foundation may cut back on future ETH sales from its treasury. Traders initially reacted positively, but the recovery faded quickly as broader weakness in crypto markets kept pressure on prices.
ETH briefly climbed nearly 5% from its weekend low near $2,020 before losing strength around the $2,115 level. Moreover, Ethereum remains down roughly 9% over the past two weeks as investors continue reducing exposure to risk assets.
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