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Ethereum Oversold? Researcher Predicts Speculative Surge Could Spark Market Revival

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Ethereum Oversold? Researcher Predicts Speculative Surge Could Spark Market Revival - NewsBTC

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He also noted that, although Ethereum faces problems, particularly regarding EIP-4844 in which it changes its economic model, opportunities can still emerge for a “bottom.” .@matthew_sigel "I think ETH is oversold…Speculation will come back to this market and I don’t think it’s going to ignore Ethereum.” — VanEck (@vaneck_us) November 7, 2024 The market is now a little conservative, but Sigel sees the commodity drifting back into speculation, bringing price back up and advocates to the trade again.

Related Reading: Solana Rockets Past BNB To Claim Coveted 4th Spot In Crypto Ranks The Road Ahead For Ethereum Despite these problems, commentators express a genuine feeling of optimism about Ethereum’s future.

Technical Analysis And Price Predictions According to the latest technical analysis, Ethereum must break above $3,000 to sustain its bullish sentiment, and many analysts believe this may well open roads for a new record high.


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Article Details

Author / Journalist: Christian Encila

Category: Crypto

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-08 @ 20:00:10 (4 days ago)

News Timezone: GMT +8:00

News Source URL: newsbtc.com

Language: English

Article Length: 452 words

Reading Time: 3 minutes read

Sentences: 70 lines

Sentence Length: 7 words per sentence (average)

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Copyright Owner: © NewsBTC

News ID: 23473057

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Main Topics: Crypto

Official Website: newsbtc.com

Update Frequency: 7 posts per day

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Headquarters: United Kingdom

News Last Updated: 12 hours ago

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