According to Criptonoticias, Mike Zaccardi, a U.S. financial analyst specializing in investment funds, plans to rebuy ether (ETH) this week. Zaccardi previously sold part of his exposure via ETF in November for tax reasons. He notes technical signals suggesting the correction may be ending and the market could be entering a turning phase. ETH recently tested the USD 2,600 level, a long-term support identified by Zaccardi, after losing the critical USD 4,100 support. Despite the decline, Zaccardi remains bullish, citing ETH's relative strength against bitcoin and a potential seasonal tailwind from December to May. He also highlights a breakout in the RSI as a potential bullish sign for ETH's price.
Mike Zaccardi to Rebuy Ethereum This Week Amid Signs of Market Stabilization
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