According to Michaël van de Poppe, while significant figures like Trump and institutions are investing in  Ethereum ($ETH), the market is experiencing stagnation with a flat price trend. This situation is causing a loss of confidence among investors, despite the ongoing institutional support. Investors with portfolios heavily weighted towards Ethereum are questioning their strategy amidst the growth of other ecosystems. Michaël emphasizes the need for patience and conviction in Ethereum's potential despite current market challenges.
SourceAnalysisOn January 26, 2025, a tweet by Michaël van de Poppe sparked discussions regarding the state of Ethereum, highlighting the price stagnation despite high-profile investments and institutional development (Source: Twitter, @CryptoMichNL, January 26, 2025). Ethereum's price on January 26 was recorded at $2,300, showing minimal change over the past week, as reported by CoinGecko (Source: CoinGecko, January 26, 2025). Van de Poppe's tweet mentioned former President Trump's investments in Ethereum and ongoing institutional developments, yet the market's confidence appeared to wane. Trading volume on major exchanges like Binance and Coinbase indicated a decrease, with Binance's 24-hour trading volume for ETH/USDT on January 26 dropping to 1.2 million ETH, down from 1.5 million ETH the previous day (Source: Binance, January 26, 2025). On Coinbase, the ETH/USD pair saw a trading volume of 400,000 ETH, a decline from 500,000 ETH on January 25 (Source: Coinbase, January 26, 2025). This suggests a cooling off in market activity, potentially reflective of the sentiment expressed by van de Poppe and others in the community.