Analyst: Ethereum Price Has Digested Significant Short-Term Uncertainty, Weeks Ahead Could See Continued Downtrend

On February 27th, Swyxtx Chief Analyst Pav Hundal noted that Ethereum’s price has already absorbed a significant amount of short-term uncertainty and may remain subdued in the coming weeks. “A lot of short-term uncertainty is already priced into Ethereum,” Hundal said Thursday. “I wouldn’t be surprised at all if ETH stays fairly subdued in the weeks ahead.” He added that developments like rising tensions with Iran, other geopolitical risks, and progress on the U.S. Infrastructure Bill have largely been factored into its price. Hundal also pointed out that the $190 billion cascade liquidation in October still weighs on the market. “That October sell-off erased $190 billion in market value, and consumer sentiment has now dropped to levels not seen since 2022,” he said. He argued that while traders fixate on where the next wave of liquidity will emerge, market sentiment is being overlooked. “To me, consumer sentiment is the underdiscussed big story no one’s really talking about.”