According to a report by CriptoNoticias, U.S. investment analyst Mike Zaccardi said he will resume buying Ethereum (ETH) this week after selling some of his ETH ETF positions in November for tax reasons.
Zaccardi pointed out that technical indicators suggest that "the correction may be coming to an end", with ETH showing strength against Bitcoin for the first time since August. He mentioned that ETH fell 47% in three months after approaching $5,000, falling to the long-term support level of $2,600 at one point.
Analysts believe that the Relative Strength Index (RSI) broke through the downtrend line, which could be an early sign of price gains. Although $4,100 remains an important resistance level, he sees possible signs of stabilization.
Investment analyst Mike Zaccardi says he will re-buy Ethereum this week, arguing that the correction may be coming to an end
2025-12-09 04:50:16
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