Ether (ETH) has recently experienced a significant drop in price compared to Bitcoin (BTC), reaching its weakest point since late 2020. However, analysts predict a potential recovery with a relief bounce on the horizon. LMAX strategist Joel Kruger believes that ETH is trying to establish bullish momentum and could potentially surpass $3,000. The sentiment towards ETH has been rising, with many medium and long-term investors taking advantage of the recent dip. The upcoming Pectra upgrade in March and the U.S. CPI inflation report could also contribute to market sentiment and fuel ETH higher. Currently, ETH is facing resistance at around $2,650, but a breakout could lead to prices climbing towards $3,000. Despite a recent 20% drop in value over the past month, a rebound to $3,000 would result in a gain of 13.5%.



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