Ethereum (CRYPTO: ETH) ETFs recorded $276 million in net inflows last week, yet prominent crypto trader Ansem warns the $300 billion asset could target $1,300 if the downtrend continues.
The Bear Case Building
Ansem laid out a multi-pronged case against Ethereum. Solana (CRYPTO: SOL) dominated retail activity this cycle, Hyperliquid (CRYPTO: HYPE) dominated perps activity, and rollups still lack significant traction.
Moreover, Vitalik Buterin publicly abandoned the general usage rollup thesis.
Ethereum’s main value proposition has been safety and security of DeFi and institutional interest.
However, the current Aave (CRYPTO: AAVE) situation marks that value proposition and has the possibility to continue weakening confidence.
“ETH in 2026 is in worse spot than it was in 2023, amplified by AI doing extremely well and tech stocks being much more favorable investments with …