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14 hour ago
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BULLISH 📈 : Tom Lee Predicts Ethereum Recovery After Recent Sharp Decline

Tom Lee Bets on Ethereum Rebound

  • Tom Lee from Fundstrat predicts a quick recovery for Ethereum, citing past patterns of sharp recoveries after deep declines.
  • Ethereum has experienced over eight instances of more than 50% decline since 2018, each time followed by a strong recovery.
  • Analyst Tom DeMark suggests a potential bottom near $1,890 could signal the end of the current downtrend.

Market Patterns and Staking Impact

  • Staking demand remains high, with around 36.7 million ETH locked, reducing liquid supply and potentially amplifying price movements.
  • Current staking offers approximately 2.80% APR, encouraging holders to lock up their coins.

Recent Market Activity

  • ETH recently fell to about $1,900, down 5.4% over the past week and approximately 36% over the last month.
  • Over $1 billion in liquidations have occurred due to leveraged positions being unwound.
  • The market mood is cautious amid economic data, geopolitical tensions, and US inflation concerns.

Lee views the recent stress as part of a recurring cycle rather than a fundamental break in Ethereum's trajectory.