CoinVoice has learned that, according to CriptoNoticias, U.S. investment analyst Mike Zaccardi stated that he plans to buy back Ethereum (ETH) this week after previously selling some ETH ETF positions for tax reasons. Zaccardi pointed out that technical indicators show that 'the correction may be coming to an end.' ETH has shown strength against Bitcoin for the first time since August. He mentioned that ETH fell 47% within three months after approaching $5000, hitting a long-term support level of $2600 at one point. The analyst believes that the Relative Strength Index (RSI) breaking the downward trend line could be an early signal for a price increase. Although $4100 remains an important resistance level, he sees possible signs of stabilization. From a seasonal perspective, Zaccardi noted that historically, ETH has performed strongly from December to May, while it has been more volatile from June to November. He plans to keep his ETH ETF position at 0.5% of his portfolio. [Original link]

#BTC #ETF #ETH