$ETH is buying and selling at $2,000 at present, sitting 59% under its August 2025 all-time excessive. Most buyers have written off altcoins in a brutal bear market.
David Duong, International Head of Institutional Analysis at Coinbase, thinks that’s precisely the fallacious learn, particularly on the subject of Ethereum.
Talking on the Milk Highway Present this week, Duong laid out why Ethereum could be probably the most mispriced asset in crypto proper now.
Ethereum’s Regulatory Move
On March 17, the SEC and CFTC collectively categorised 16 crypto property as digital commodities, together with $ETH. For Ethereum particularly, this issues greater than it does for many. Staking, a core a part of Ethereum’s ecosystem, is now explicitly outdoors securities legislation.
“It offers $ETH extra of a clear regulatory cross,” Duong mentioned, “and I believe that has already been there however it’s simply good to see it in print.”
For establishments that have been sitting out exactly due to authorized uncertainty, that readability is the inexperienced gentle they have been ready for.
BlackRock’s Staked $ETH ETF: Why It’s Vital
BlackRock launched its iShares Staked Ethereum Belief ETF earlier this month, pulling $254 million in its first week – the fastest-growing crypto ETF launch of 2026. The fund intends to stake between 70% and 95% of its $ETH holdings below regular circumstances.
Duong known as it “an enormous improvement that you just don’t actually see priced into $ETH.”
The logic is simple: extra institutional demand coming in, much less circulating provide out there. That could be a structural shift, not a sentiment commerce.
Additionally Learn: 5 Altcoins With the Strongest 10x Setup within the Present Bear Market
Watch EthCC This Monday
That is the angle most individuals have missed completely. EthCC[9] opens in Cannes on Monday March 30, and Duong flagged a particular speak on the agenda titled “Issuance: The Price of Inaction.”
His learn is {that a} vital announcement about Ethereum’s financial coverage and issuance fee is coming.
“I’d anticipate a giant announcement coming about what’s going to occur with the potential $ETH provide sooner or later,” he mentioned.
Establishments Are Nonetheless Bullish
Coinbase Institutional’s 2026 survey of round 350 respondents discovered that 73% plan to extend their digital asset allocations this yr and 74% anticipate crypto costs to rise over the following 12 months – although the survey was carried out in the course of the January drawdown.
As Duong put it, “anybody who needed to promote doubtless already bought.”
$ETH at $2,000, with regulatory readability, a structural provide squeeze, and a possible catalyst arriving Monday. The market might not have caught up but.
Learn Extra: Citigroup Cuts Bitcoin and Ethereum Worth Targets: Readability Act to Blame?
