Analyst: It’s “Hard to See” Ethereum Going Fully Bullish Without Wall Street

The tweet notes that a number of Ethereum’s usage metrics and use cases are at all-time highs, despite the meager price action. This is purportedly due to the fact there is not yet sustainable and notable Wall Street capital flows into these assets: He added in a later tweet that this reason is why it’s “hard” for him to see or excited for “a big ETH rally even though Crypto Twitter keeps calling it.”.

Unless Ethereum sees a whole “different level of capital” inflows, ETH is unlikely to make a move with “BTC range-bound,” the analyst concluded. $2 trillion asset manager Fidelity Investments, the CME Group, and other service providers are expected to soon offer Ethereum products to Wall Street.

Timeline of Ethereum