Blockchain firm Matrixport suggests that Ethereum's recent price decline may signal a potential rebound, with technical indicators showing oversold conditions. However, short interest in Ethereum has surged by 500%, indicating a bearish sentiment among investors. Despite inflows of $500 million into spot Ethereum exchange-traded funds, the price of Ethereum has remained flat and below its all-time high. Nevertheless, long-term investors, including groups linked to President Donald Trump, are still buying Ethereum, indicating belief in its future growth. Matrixport highlights testnet deployments of Pectra in March as potential bullish catalysts. As of now, Ethereum is trading at $2,715 with a market capitalization of $327.5 billion.



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