Ethereum Price Remains Under $3,000 Amid Peak Bearish Sentiment
Ethereum Price Update
- Ethereum trades below $3,000 amid bearish sentiment.
- Ed Hindi from Tyr Capital states market sentiment has reached a low point.
- Market conditions may lead to a potential upside reversal.
- Recent rally of 3.5% occurred after 21Shares filed for a staking on spot Ethereum ETF.
- Current price hovers around $2,700, awaiting new catalysts.
Rebound Potential
- Crypto analyst Ali Martinez identifies potential rebound signals using the TD Sequential indicator.
- Captain Faibik emphasizes $3,000 as a key resistance level; reclaiming this could initiate a significant rally.
Pectra Upgrade Development
- Ethereum developers have released client software for the Pectra upgrade on Holesky and Sepolia testnets.
- Mainnet launch is scheduled for April after testing phases in February and March.