The analyst believes that ETH will suffer a similar fate to the rest of the crypto market as Bitcoin sucks up all the liquidity while altcoins continue to trade sideways due to this. Related Reading: Analyst Identifies Bullish Pattern That Can Send XRP Price To New Highs As such, Roman doesn’t expect the ETH price to enjoy any parabolic rally until traders begin to rotate their capital from Bitcoin into altcoins, with Ethereum likely to lead the pack when that time comes.
Meanwhile, Roman believes that the liquidity shift will happen before year-end. How Much Could Flow Into The Spot Ethereum ETFs Expectations for the Spot Ethereum ETFs have dropped since they began trading on July 23, with analysts like Sygnum Bank Head of Research Katalin Tischhauser suggesting that inflows into these funds could be lower than expected. Tischhauser told The Block that the Spot Ethereum ETFs could witness as low as 15% of Bitcoin’s flows, with around $5 flowing into these funds in their first year of trading while $30 billion flows into the Spot Bitcoin ETFs.
Related Reading: Institutional Investors Show Interest In Cardano, Triggering 300% Surge The analyst made this prediction based on "Ethereum’s lesser name recognition” and ETH’s market cap compared to Bitcoin’s, suggesting that the Spot Ethereum ETFs will likely record less adoption and lower liquidity. These Spot Ethereum ETFs have suffered significant net outflows since they began trading thanks to Grayscale’s Ethereum Trust (ETHE).
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