Bloomberg’s senior ETF analyst Eric Balchunas said that BlackRock plans to submit a filing for an Ethereum ETF. Balchunas posted a Delaware registration document to X, and expects a soon-to-be filed filing. BlackRock didn’t add stake features to the spot ETH-ETF. It seems that the institution has changed its plans.
What will cause Ethereum to rally due BlackRock Staking ETF?
Ethereum (ETH), however, did not adopt the same trajectory as Bitcoin (BTC) after its ETF was launched. BTC reached multiple record highs in the years following its ETF’s launch, but Ethereum (ETH), did not reach a new high till August this year. BlackRock’s ETF staking plans are not expected to cause ETH to rally.
Ethereum’s (ETH) losses may also take some time for it to be recovered, especially given the market conditions. ETH fell below $2800 earlier in the day, but since then has regained the price of $3000. According to CoinGecko’s Ethereum dataETH has fallen by 2.9% over the past 24 hours. It is also down 14.8% for the week. The charts show that ETH fell 11.1% on the chart of 14 days.
The crypto market might enter a phase of prolonged consolidation. Low inflows may be due to macroeconomic factors, and the Federal Reserve not reducing interest rates. ETF inflows also dropped over the past few months. Ethereum (ETH), if it enters a bullish stage in 2026, could be due to a Federal Reserve announcement of lowering interest rates in case the economy improves.
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CoinCodex analysts paint a bullish picture for Ethereum (ETH) Over the next few months. On February 17, the platform predicts that asset’s price will hit an all-time record high of $566.89. A rally of 68.7% is required to reach $5066.89.
Another possibility is that we could enter a new crypto winter. A scenario like this could cause Ethereum to experience further price fluctuations.
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Source: watcher.guru
