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Ethereum Needs Massive Rally for ETF Staking to Materialize Further Gains
The cryptocurrency market has been witnessing a series of tumultuous events, with Ethereum’s (ETH) recent price decline causing concern among investors. In the midst of this uncertainty, news surrounding ETH ETF staking has reignited hopes for the token’s potential rebound. However, experts argue that a massive rally is needed to materialize these gains.
According to analysts, any meaningful upward momentum requires a significant surge in price. The current bearish sentiment and market conditions have dampened expectations, with some predicting that Ethereum needs to break above $1,950 before any substantial recovery can take place.
The recent distribution of ETH by whales has also had a negative impact on the token’s value. As seen in the tweet below, popular crypto YouTuber Crypto Rover believes that the second-largest cryptocurrency is “insanely” undervalued.
“$ETH is insanely undervalued!” pic.twitter.com/aPFtYDkhZk
— Crypto Rover (@rovercrc) April 30, 2025
Source: https://www.coinspeaker.com/ethereum-needs-rally-etf-staking-materialize-gains/
