ETH/USD: Ether Consolidates Near $2,000 After 50% Drop in Four Months. What Can Jolt Prices?

Second-biggest crypto seems range bound around the $2,000 threshold. What can jolt prices forward? It’s not too complicated. ⚖️ Ether Steady Near $2,000Ether prices were floating near the $2,000 level during weekend trading where low volumes and low liquidity helped the token consolidate for yet another day. It’s been a while since Ether broke the psychological mark and remained elevated — it’s a tough market right now with about 50% of Ether’s valuation gone in four months. But some big news might shake it out of its slumber. Just about every big announcement from the pro-crypto White House administration has been absorbed, eaten up, baked in, factored in and priced in. Now, new big things need to kick in for the crypto markets to get a jolt and revive the buying enthusiasm. 📢 White House, Pls Make Some NoiseWhat could these be? Some good guidance from the White House’s crypto czar David Sacks is one. He and his hosted the President and prominent crypto heads for a crypto gala earlier this month but there was hardly anyone eager to buy — it was with no actual updates. Sacks’s crypto team is expected to soon provide an update to the President and the public on how they plan to expand the industry’s footprint for broader business participation and a lower entry barrier for ordinary consumers. 💵 Ether and Its ETFsEther, for one, is highly sensitive to wider adoption from Wall Street and main street. Ether’s have barely attracted any meaningful investment. The nine vehicles carrying genuine Ether have pulled in roughly $6 billion in assets under management since their inception in July last year. That’s no match for , holding around $90 billion of investments into the orange token. But then again, Ether isn’t so much an investment asset as it is a .