Investment analyst Mike Zaccardi says he will repurchase Ethereum this week, believing the correction may be coming to an end

AI summary: U.S. investment analyst Mike Zaccardi plans to repurchase Ethereum (ETH), believing technical indicators show the correction is nearing its end and that ETH is performing strongly relative to Bitcoin. He mentioned that historically ETH has performed well between December and May, and plans to keep his ETH ETF position at 0.5% of his portfolio.

According to ChainCatcher, citing CriptoNoticias, U.S. investment analyst Mike Zaccardi stated he will repurchase Ethereum (ETH) this week, after previously selling part of his ETH ETF position for tax reasons. Zaccardi pointed out that technical indicators suggest “the correction may be coming to an end,” and that ETH has shown strong performance relative to Bitcoin for the first time since August. He noted that after approaching $5,000, ETH fell 47% within three months, at one point dropping to the long-term support level of $2,600. The analyst believes that the Relative Strength Index (RSI) breaking through the downtrend line could be an early signal of a price increase. Although the $4,100 level remains an important resistance, he sees possible signs of stabilization. From a seasonality perspective, Zaccardi stated that historically ETH performs 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. #参与创作者认证计划月领$10,000