Facundo Fama
Timeline of Ethereum’s institutional narrative ↓
• First, I would like to clarify that when I view the chart in candlestick format, I see not only price action segmented into parts, but also time itself. Therefore, within this fragmented time, other technical and fundamental developments unfold beyond price action, which I have incorporated visually on Ethereum’s weekly chart so that a single image shows the correlation among the main events that led to its first institutional narrative. For this purpose, I highlighted several events and used the following metrics: Fund Holdings (All Symbols) and ETHA (iShares Ethereum Trust ETF) holdings. I have marked the specific weekly candle in which each technical and fundamental event occurred. • It should be noted that the USD figures are calculated using the price at the time the data snapshot was taken. Additionally, only ETH held by ETFs is included, excluding ETH associated with corporate treasury holdings. • Finally, to track institutional demand this year in light of the bill (Clarity Act), I built a BTC and ETH dashboard using fund-related indicators. The link is included below.