Regarding Ethereum, the following chart from 10x Research clearly illustrates the issue!
1️⃣ In the past 30 days, ethereum:native has risen by about 12%, closing with gains for 9 consecutive days,
2️⃣ Although it is below the January peak of about $3355, this increase has a steady pace, not a spike, and may not be just a simple rebound.
3️⃣ Technical analysis: the price has stood above the 7-day and 30-day moving averages (bullish signals), with a recent weekly increase of about +1%.
4️⃣ ETH ETFs have regained net inflows, and corporate treasury holdings are increasing.
5️⃣ The staking lock-up ratio has reached a record high, further tightening the circulating supply.
6️⃣ Core developers are advancing the testnet trials for the Glamsterdam upgrade (this is the protocol upgrade for H2 2026, focusing on enshrined PBS, block-level access lists, etc., aimed at improving L1 scalability and efficiency).
I personally feel this is a technical correction supported by fundamentals, but it won't easily rise, so we need to be patient.
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