{"id":24853,"date":"2025-12-23T15:50:00","date_gmt":"2025-12-23T15:50:00","guid":{"rendered":"https:\/\/investx.fr\/en\/?p=24853"},"modified":"2025-12-23T13:05:20","modified_gmt":"2025-12-23T13:05:20","slug":"why-2026-might-not-be-good-year-for-ethereum","status":"publish","type":"post","link":"https:\/\/investx.fr\/en\/crypto-news\/why-2026-might-not-be-good-year-for-ethereum\/","title":{"rendered":"Why 2026 might not be a good year for Ethereum"},"content":{"rendered":"\n

A Bullish Signal That Fails to Materialize<\/h2>\n\n\n\n

On paper, the context seemed ideal for the bulls. On-chain data shows that more than $555 million in ETH<\/strong> has left centralized exchanges (CEX)<\/strong> in record time. Historically, this type of outflow corresponds to an accumulation phase. Investors transferring their tokens to cold storage or staking<\/a>, which mechanically reduces the selling pressure<\/strong> available on the market.<\/p>\n\n\n\n

However, the expected reaction has not occurred. Instead of a bullish rally<\/strong> triggered by this supply shock, the price of Ethereum<\/a> remains lackluster and even shows signs of weakness at times. This situation highlights a worrying disconnect<\/strong> between a historically low exchange supply<\/strong> and a market unable to appreciate.<\/p>\n\n\n\n

This gap reveals a deeper problem: the absence of sufficiently strong institutional and retail demand<\/strong> to absorb this supply scarcity. In other words, the on-chain fundamentals are aligned, but without substantial buying flows, the bullish signal loses its effectiveness and runs idle.<\/p>\n\n\n

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\"Ethereum
Source: CoinShares<\/figcaption><\/figure>\n<\/div>\n\n\n

Underperformance Against Bitcoin and Risks for 2026<\/h2>\n\n\n\n

The comparison with Bitcoin<\/a><\/strong> reinforces this diagnosis. While BTC maintains a solid market structure and trades near key technical zones, the ETH\/BTC<\/strong> pair remains trapped in a bearish trend<\/strong>, unable to establish a credible bottom or initiate a sustained breakout.<\/p>\n\n\n

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\"Ethereum's
Source: CryptoQuant<\/figcaption><\/figure>\n<\/div>\n\n\n

Despite exchange<\/a> supply at historic lows<\/strong>, Ether continues to underperform. Capital seems to favor the safety of Bitcoin or the volatility of newer altcoins<\/strong>, leaving Ethereum<\/a> in a gray zone where speculative interest is gradually eroding.<\/p>\n\n\n\n

If this dynamic persists, the 2026<\/strong> horizon appears more uncertain. Simple supply scarcity is not enough to target new ATH (All Time Highs)<\/strong> without a demand explosion<\/strong>. Between gas fees, Layer 2 competition, and regulatory uncertainties, caution remains warranted, with particular attention paid to major support levels<\/strong> to validate or invalidate this scenario of structural weakness.<\/p>\n\n\n\n

\"Ethereum<\/figure>\n\n\n\n

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