Ethereum price rebound faces challenges, analysts focus on fundamentals rather than short-term speculation

ChainCatcher news, according to Decrypt, Ethereum (ETH) achieved nearly a 40% increase last week, with the price rising from $1800 to $2500, mainly benefiting from the successful Pectra network upgrade and improvements in the global trade environment.

However, market data shows that this round of increase was primarily driven by crypto-native investors, with a net outflow of $55 million from Ethereum spot ETFs last week, in stark contrast to the $600 million net inflow into Bitcoin ETFs.

Volatility models indicate that the probability of ETH breaking through $4000 by the end of the year is 20%, an increase from the previous week's 9% probability. Although the Pectra upgrade completed on May 7 improved network performance, analysts believe that without sustained institutional funding support and a clear regulatory framework, the upward trend may face adjustment pressure.