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Ethereum's Down Period Is Ending! CryptoQuant Analyst Lists Four Reasons for ETH to Be Bullish!

Ethereum's Down Period Is Ending! CryptoQuant Analyst Lists Four Reasons for ETH to Be Bullish!
The recent decline in the price of Ethereum (ETH) has attracted institutional investors who view it as a buying opportunity. A CryptoQuant analyst believes that ETH is undervalued and predicts a possible price recovery. The analyst lists four signals that indicate a potential recovery, including ETH currently being undervalued, an increase in the amount of ETH held by long-term investors, a decrease in selling pressure in the futures market, and the accumulation of ETH by large institutional investors. Although macroeconomic conditions may cause sideways movements, the analyst believes there is a strong potential for an upward trend in the near future. Ethereum is currently trading at $2,630.

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