Here’s why Etherum price ‘can be prepared for admonition’

The recent price drop in Ethereum suggests a potential leap, and technical indicators suggest a reversal.

Etherum’s (El) The price fell to the levels that usually signals that it could be ready to jump, BlockcaIn firm Matrikport say. 11. February Research noteThe analysts pointed out that the relative strength index now shows signs of reversal conditions, which often indicate potential price recovery.

Despite positive technical signals, the mood of Etherem remains cautiously, to say at least. Short interest in Etherum has grown For 500% of November 2024. On top of that, just 40% jumped on top of that.

The increase in short positions seems to show that investors feel a bear and bet against the eel. However, it could also set the stage for a short grip, which could press the price higher.

However, Etherum was struggling, although Spot Etherum Berzina was seen by a great inflow. Even with $ 500 million, which runs in Spot Etherum ETFS, its price remained straight, yet far below its all time since November 2021. years. Years. However, long-term investors, including groups such as world financial freedom, associated with President Donald trump They’re still buying More Ethereum suggests that there is some belief in his future growth.

Although uncertain if you will soon recover ethereum, MatrikPort suggests that several test networks in March could act as potential “bikarsar catalysts”. As for printing, Etherum is traded for $ 2,715, and its market capitalization is at $ 327.5 billion.