According to ChainCatcher, citing CriptoNoticias, US investment analyst Mike Zaccardi stated that he will repurchase Ethereum (ETH) this week after having sold part of his ETH ETF positions for tax reasons. Zaccardi pointed out that technical indicators show “the correction may be coming to an end,” and ETH has shown strength relative to Bitcoin for the first time since August. He mentioned that after approaching $5,000, ETH dropped 47% within three months, once hitting the long-term support level of $2,600. The analyst believes that the Relative Strength Index (RSI) has broken through the downward trendline, which could be an early signal of a price increase. Although $4,100 remains a significant resistance level, he sees possible signs of stabilization. From a seasonal perspective, Zaccardi noted that historically ETH has performed strongly from December to May, while volatility is higher from June to November. He plans to keep his ETH ETF position at 0.5% of his portfolio.
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