The Ethereum (ETH) price recently experienced a 13% correction but is showing signs of recovery as it has secured a bear market support level. The spike in realized losses suggests that investors are opting to hold onto their assets rather than sell, which could help stabilize the price and prevent further declines. The decrease in inflows into exchanges indicates reduced selling pressure and reflects a positive change in market sentiment. Ethereum's price is currently trading at $2,428 and could potentially breach the $2,591 barrier, allowing it to regain lost ground. However, failure to breach this level could result in a period of consolidation.
- Content Editor ( beincrypto.com )
- 2024-10-06
Key Indicators Reveal Ethereum’s Price Is Poised for Recovery