VanEck Head Researcher Says Ethereum is Oversold, Predicts Speculative Interest Will Return to Propel ETH ...Middle East

VanEck’s Head of Research believes Ethereum is oversold and predicts renewed speculative interest will drive its market recovery. Ethereum (ETH), the second-largest cryptocurrency by market capitalization, has seen a 7.9% price increase over the past 24 hours. As of this writing, ETH is trading at $2,823 after a minor retracement from earlier gains. This recent uptick follows a year of underperformance relative to Bitcoin (BTC), with the ETH/BTC pair consistently reaching multi-year lows. However, recent market movements and analysis suggest a possible shift in Ethereum’s market dynamics. Weighing In on Ethereum’s Position Industry analysts have offered varying views on Ethereum’s future.

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