Ethereum (ETH) has rebounded from its recent lows, but the recovery may not be enough to reverse a prolonged exodus from spot Ethereum ETFs, highlighting a growing disconnect between the cryptocurrency's price action and institutional investor sentiment.
ETH has climbed back above the psychologically important $1,500 level and was recently trading in the $1,600-$1,620 range after briefly dipping to around $1,500.
However, Simon-Peter Massabni, Head of Business Development at global multi-asset broker XS.com, cautioned that the move appears to be more of a technical rebound than the beginning of a sustained rally.
"The current rebound is still not enough to confirm a clear reversal," Massabni said.
"Instead, it mainly appears to be a corrective move after selling pressure had persisted for several sessions." While Ethereum has found support above the $1,500 mark, investor appetite for U.S. spot Ethereum ETFs remains subdued.
