Ethereum’s upgrades fall short as bullish catalysts, analysts say

While the upgrades of Ethereum progress towards the long -term adoption of the blockchain, they do not have the immediate impact necessary to stimulate the bullish feeling on the market, note the analysts.

Ethereum (Ethn) Has struggled to follow Bitcoin (BTC) Since The merger In 2022, not to arouse the bullish movements that many hoped, according to analysts.

In a recent research noteThe blockchain company based in Singapore Matrixport stressed that most Ethereum upgrades had little effect on the price of the ETH. Instead of creating instant market changes, these upgrades seem to be part of a long -term strategy for a wider adoption of blockchain. “These upgrades seem to serve as incremental steps,” notes Matrixport.

The interest of Wall Street in the funds negotiated on the stock market in Ethereum was also quite high and low, underline the analysts. They also note that Ethereum has not followed more recent trends, many people rather choosing to issue pieces even on cheaper networks.

“Ethereum is always confronted with challenges to consolidate its value proposal,” said Matrixport. However, there are still good news: the attachment show on Ethereum recently exceeded this on Tron (Trx), despite the latter “being a cheaper option”, note the analysts.

Like crypto.News mentioned Earlier, Ethereum has lagged behind Bitcoin this year, remaining in a technical bear market after dropping 22% compared to its summits in 2024. However, several factors indicate the possibility of an increased break, some S ‘ waiting for Ethereum to reach $ 5,000 in the coming weeks.

The Ethereum Prize has traditionally succeeded in February. Since 2019, it has posted positive yields in February, with an average growth of 17% since 2017. Although past trends cannot serve as a guarantee, there is growing optimism in the cryptographic community that Ethereum could see the gains in February.