BlockBeats News, February 27 — Swyxtx Chief Analyst Pav Hundal stated that Ethereum’s price has already priced in a lot of short-term uncertainty and may remain subdued in the coming weeks.
“A lot of short-term uncertainty has been factored into Ethereum’s price. If ETH remains relatively subdued in the next few weeks, I wouldn’t be surprised at all,” Hundal said on Thursday. He added that geopolitical tensions, including the escalation of issues in Iran and progress on the U.S. Clear Act, have largely been priced in as well.
Hundal mentioned that the $19 billion liquidation event in October last year still weighs on the market. “The chain liquidations in October wiped out $19 billion from the market, and now consumer sentiment has fallen to levels not seen since 2022.” He believes that while traders focus on where the next wave of liquidity will come from, market sentiment is being overlooked. “For me, consumer sentiment is the big story that no one is really talking about.”
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