Coinspeaker
Will Ethereum Price Bounce Back after Peak Bearishness?
Ethereum price
ETH
$2 699
24h volatility:
1.5%
Market cap:
$325.27 B
Vol. 24h:
$16.83 B
has been subject to strong bearish sentiment and continues to trade under $3,000 with no relief rally in sight. Ed Hindi, the co-founder of Swiss investment firm Tyr Capital, noted that the market sentiment around Ethereum has touched rock bottom. However, he stated that this increases the chances of a reversal on the upside very likely.
“Ethereum has reached peak ‘bearishness’ and is now at a tipping point. Weak hands have been flushed out of the market,” said Hindi in a market report on Thursday, February 13. He compared the current Ethereum (ETH) marke
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