Ran Neuner sees limited ETH price impact from new treasuries
@cryptomanran: Ran Neuner on ETH price
Ran Neuner, a prominent figure in the cryptocurrency space, has highlighted a critical issue impacting the price movement of Ethereum.
Despite the emergence of numerous Ethereum treasury companies, the price of ETH remains stagnant. According to Neuner, these firms are primarily trading existing Ethereum holdings for shares at Net Asset Value (NAV), rather than actively purchasing new ETH. As a result, while retail investors are acquiring these shares often at a premium, the increased trading activity is not translating into upward price momentum for ETH itself.
Neuner's insights suggest a disconnect between market actions by institutional players and retail investors' expectations, reflecting broader dynamics within the crypto market.
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Neuner's latest observations reinforce ongoing themes around institutional involvement in the Ethereum ecosystem, building on prior developments such as Wall Street's heightened interest in Ethereum led by Tom Lee. The nuanced interplay between large-scale investors and retail sentiment also mirrors broader patterns of Wall Street influence on altcoin market recovery, underscoring the complex forces shaping cryptocurrency valuations.
