Eth

Ethereum has dropped over 32% in three months, and despite a recent bounce, key indicators like the RSI show bearish divergence. Long-term holders are also offloading hundreds of thousands of ETH, suggesting the recovery may be weak and further downside is possible.

Ethereum is hovering around $3,000, and an analyst predicts a potential rise to $3,200, driven by unusually low stablecoin yields on lending platforms, indicating the market hasn’t peaked yet.

Ethereum is rolling out its ‘Fusaka’ hard fork on December 3, aiming to boost scalability and lower transaction fees. Analysts are bullish on the update’s potential impact on ETH’s price, citing historical gains from past upgrades.

Companies holding Ethereum as a strategic reserve are facing significant unrealized losses as ETH’s price has dropped by nearly 50% from its August high. Technical analysis suggests further downside potential, adding to the pressure on these firms.