Ethereum has been in the direction of a fixed landing since mid -December. Over the past three months, record levels of active sale have seen more than 50 %, with a decrease from $ 3,993 to the current level of less than $ 1900.
But there can be an opportunity for buyers.
Ethereum hits the sale area
Qiao Wang, a prominent figure in the encryption industry and the founder of Alliance Dao, has recently noted that ETHEREUM (ETH) is at a historical mathematical level similar to the previous main decline.
he comparison Current ETH markets for the main previous events: Terra 2021 collapse, deep bear market 2018 when ETH was badly classified as “two numbers”, and DaO Hack 2016 effects.
Each of these moments was characterized by extreme pessimism, but it has proven to be a major purchase of investors in the long run. As such, Wang’s note indicates that the current ETH price may approach the point of reducing value.
“Whatever the poor expectations of the assets given, there is a price of logical possession of it. But to answer your question, if there is anything, the Eth is still the most likely place to adopt institutions.”
In the same manner, “Merlijn Trader” male The indicators of the RAM, which lasted 3 years of ETHEREUM, have achieved excessive sales levels. This indicator, which measures momentum and determines the possible direction repercussions, has historically indicated major purchase opportunities when the sale increases.
According to Merlijn, each previous event followed a major gathering of encryption assets, indicating that the potential upscale reversal could be on the horizon.
Moreover, Ethereum has also seen a great accumulation of whale in recent weeks. This trend may indicate that many holders believe that current levels are the opportunity to buy a strategy.
Eth Bulls Watch the shift
Despite the declining feeling that currently affects the broader encryption market, Ethereum may find an incentive to recover through positive developments. For example, the US Securities and Stock Exchange Committee (SEC) Recognized Fidelity suggestion to enter interest within Spot Etherum Etf (FTH), with gray and 21shares also providing similar approvals. If granted, these changes can enhance investor confidence and pay demand.
In addition, the upcoming PECTRA upgrade from Ethereum, which aims to improve the user experience with improved features, is steadily advanced, after it has already been completed on HOLESKY and Sepolia Testnets. With the launch of the Mainnet approaching, it can help reformulate the momentum at the price of ETH.
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