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.
US Department of Justice Issues Statement on Bitfinex Hack That Stole Billions of Dollars of Bitcoin
Jito Labs records $78.9 million in monthly fees for October, doubling its previous record set in May