CandleFocus

VanEck Head Researcher Says Ethereum is Oversold, Predicts Speculative Interest Will Return to Propel ETH

The Head of Research at VanEck believes that Ethereum is currently oversold and predicts renewed speculative interest will drive its market recovery. Ethereum has seen a 7.9% price increase over the past 24 hours, trading at $2,823. Industry analysts offer varying views on Ethereum's future, with some remaining bullish and others expressing concerns about structural issues and overemphasis on Layer 2 scaling solutions. Prominent analysts point to the ETH/BTC trading pair as a key indicator, suggesting that if it breaks above its Simple Moving Average, it could indicate a bullish sentiment for Ethereum.

Related News