Moonrock Capital Founder: Ethereum's Rebound Would Be a Bullish Signal

According to HashChain, Simon Dedic, the founder of blockchain consulting and investment firm Moonrock Capital, stated in a tweet that Ethereum's recent 10% pullback from its high is a healthy adjustment. He pointed out that Ethereum has tripled in value over the past three months. Currently, if it retraces to the $4000-$4100 range and rebounds strongly, it will be seen as a typical bullish confirmation. He emphasized that the more frequently Bitcoin, Ethereum, and other crypto assets change hands during an upward trend, the more sustainable the rally will be. Dedic urged investors not to lose confidence due to minor fluctuations and to always believe that the market is still in a bullish phase.