ETH is trading at $2,000 today, down 59% from its all-time high in August 2025. Most investors have written off altcoins in a brutal bear market.
David Duong, Global Head of Institutional Research at Coinbase, thinks this is exactly the wrong reading, especially when it comes to Ethereum.
Speaking about the Milk road show this week, Duong explained why Ethereum is perhaps the most mispriced asset in crypto right now.
Ethereum’s regulatory pass
On March 17, the SEC and CFTC jointly classified 16 crypto assets as digital commodities, including ETH. For Ethereum specifically, this is more important than for most. Staking, a core part of Ethereum’s ecosystem, is now explicitly outside securities laws.
“It gives ETH more of a clean regulatory pass,” Duong said: “And I think that’s already been there, but it’s just nice to see it in print.”
For institutions that were sidelined precisely because of legal uncertainty, that clarity was the green light they were waiting for.
BlackRock’s Staked ETH ETF: Why It Matters
BlackRock launched its iShares Staked Ethereum Trust ETF earlier this month, raising $254 million in its first week – the fastest-growing crypto ETF launch of 2026. The fund plans to invest between 70% and 95% of its ETH holdings under normal circumstances.
Duong mentioned it “a huge development that you don’t really see priced into ETH.”
The logic is simple: more institutional demand comes in and less circulating supply is available. That’s a structural shift, not a sentiment trade.
Also read: 5 Altcoins with the Strongest 10x Setup in the Current Bear Market
Check out EthCC this Monday
This is the angle that most people have completely missed. EthCC[9] opens in Cannes on Monday, March 30, and Duong marked a specific talk on the agenda titled “Issue: The Cost of Inaction.”
He reads that there will be an important announcement about monetary policy and the issuance rate of Ethereum.
“I expect there will be a big announcement about what will happen in the future with the potential ETH supply,” he said.
Institutions are still bullish
Coinbase Institutional’s 2026 survey of approximately 350 respondents found that 73% plan to increase their digital asset allocation this year and 74% expect crypto prices to rise over the next twelve months – even though the survey was conducted during the January recording.
As Duong put it: “Anyone who wanted to sell has probably already sold.”
ETH at $2,000, with regulatory clarity, a structural supply crisis, and a potential catalyst arriving on Monday. The market may not have caught up yet.
Read more: Citigroup Lowers Price Targets for Bitcoin and Ethereum: Clarity Act to Blame?
Trust CoinPedia:
CoinPedia has been providing accurate and timely cryptocurrency and blockchain updates since 2017. All content is created by our expert panel of analysts and journalists, following strict editorial guidelines based on EEAT (Experience, Expertise, Authoritativeness, Trustworthiness). Each article is fact-checked from reputable sources to ensure accuracy, transparency and reliability. Our review policy ensures unbiased evaluations when recommending exchanges, platforms or tools. We strive to provide timely updates on everything crypto and blockchain, from startups to industry majors.
Investment Disclaimer:
All opinions and insights shared represent the author’s own views on current market conditions. Please do your own research before making any investment decisions. Neither the writer nor the publication accepts responsibility for your financial choices.
Sponsored and Ads:
Sponsored content and affiliate links may appear on our site. Ads are clearly marked and our editorial content remains completely independent from our advertising partners.
Credit : coinpedia.org
