Ethereum's price has been under pressure due to a combination of market volatility and challenges in the spot Ethereum ETF market. Despite bullish signals and increased adoption, the broader market's instability has weighed on Ethereum's performance. The introduction of WallitIQ, an AI-powered platform, aims to assist investors in navigating these fluctuations, but the bearish sentiment persists. World Liberty Financial's aggressive accumulation of Ethereum, linked to the Trump family, has provided some stabilization, yet short-term corrections remain likely. The decline in the Market Value to Realized Value (MVRV) ratio below the 160-day moving average further signals potential price corrections, adding to the uncertainty.
The Volatility Shares Trust 2x Ether ETF (ETHU) experienced a notable increase, rising 3.81% to $7.08 as of 1:00 PM on Saturday, February 1.