Is the recovery of Ethereum coming? This is what's happening👀

What a week for Ethereum! Despite that small drop, it is still holding at $4,200. Honestly, it gives me a good sign that everyday people, or at least those investing in the short term, are taking the opportunity to buy. This is known as "buying the dip," and the data shows that more and more wallets are doing just that.

The most interesting thing is that there is almost no ETH on exchanges, we are at 9-year lows! This is super positive because it means that people are not selling and are holding onto it, which reduces selling pressure.

Now, be careful, not everything is rosy. Analysts are seeing some technical signals that could complicate things. There is a "death cross" pattern that could push the price down. If the price does not recover and stays above $4,378, we could see a drop to $4,006.

In summary: there is optimism and signs that people trust Ethereum in the long term, but there are also risks around the corner. As always in the world of cryptocurrencies, we need to stay alert.

What do you all think? Do you believe it will recover or is more correction coming?

Leave me your comments!👇🏻

#Ethereum #ETHInstitutionalFlows #ETHStakingExitWatch #EthereumETFApprovalExpectations $ETH

Disclaimer ⚠️

The information provided in the previous post is for informational and educational purposes only. It should not be interpreted as financial, investment, legal, or tax advice.🚫

Investing in cryptocurrencies and decentralized finance (DeFi) carries significant risks, including the potential total loss of invested capital.⚠️

Always conduct your own research (DYOR - Do Your Own Research) 🫵🏻