ETH is trading at $2,000 today, sitting 59% below the August 2025 all-time high. Many sellers do withdrawal of altcoins in a brutal bear market.
David Duong, Global Head of Institutional Research at Coinbase, thinks that’s a miscalculation, especially in the case of Ethereum.
Speaking on Milk Road Show this week, Duong put why Ethereum can be the most mispriced asset in crypto right now.
Ethereum Regulatory Pass
On March 17, a The SEC and CFTC are divided together 16 crypto assets as digital assets, including ETH. For Ethereum in particular, this is more important than most. Staking, a major part of the Ethereum ecosystem, is now outside of security regulations.
“It makes ETH a pure certificate,” Duong said, “And I think it’s already been around but it’s nice to see it published.”
For organizations that had been sitting on the bench due to legal uncertainty, this clarity is the green light they have been waiting for.
BlackRock’s Staked ETH ETF: Why It Matters
BlackRock launched the iShares Staked Ethereum Trust ETF at the beginning of this month, attracting $ 254 million in the first week – the fastest growing crypto ETF for 2026. The fund aims to invest between 70% and 95% of ETH that is under favorable conditions.
Duong called it “the biggest development you don’t see is the price in ETH.”
The idea is straightforward: the more organizations need to come in, the less available circulation. That’s a system change, not an ideological trade.
Also Read: 5 Altcoins With Strongest 10x Recovery in Current Bear Market
Watch EthCC this Monday
This is the part that most people have completely missed. EthCC (9) opens in Cannes on Monday March 30, and Duong announced a special issue on the agenda called “Giving: The Cost of Inaction.”
His reading is that an important announcement about Ethereum’s coin policy and its release is coming.
“I expect a big announcement about what will happen with the availability of ETH in the future,” he said.
Corporations Are Still Stupid
Coinbase Institutional Survey of 2026 About 350 respondents found that 73% plan to increase their share of digital assets this year and 74% expect crypto prices to rise over the next 12 months – despite the survey conducted on the January drawdown.
As Duong said, “anyone who wants to sell is probably already sold.”
ETH at $2,000, clearly, a systemic squeeze, and a support coming on Monday. The market may not have caught on yet.
Read more: Citigroup Cuts Bitcoin and Ethereum Price Targets: Clarity Act to Call?
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