Ether's sentiment likely hit Rock Bottom, making it more likely that a short-term price reversal is more likely, according to Ed Hindi, co-founder of Swiss investment firm Tyr Capital.
“Ethereum has reached its peak, reached its 'bearth' and is now at a turning point,” Hindi said in its February 13 market report.
Ether can retest $4,000 in the coming months
“The weak hands have been washed away from the market,” Hindi said.
He said that before the cryptocurrency Spot Exchange-Traded Funds (ETF), launched in the US in January 2024, he felt that Bitcoin (BTC) had done the current Ether (ETH) market. I added.
Hindi said it hopes that institutions holding Bitcoin will start adding ETH to their portfolios.
ETH traded at $2,673 at publication, down 0.64% over the past seven days. According to Go to COINMARKETCAP.
Prices for the last day of ETH. sauce: coinmarketcap
Laura Shin, host of Unchained Podcasts I said The weak emotion of the ether is clear. She focused on the founder of Vitak Buterinz, the founder of Ethereum. comment “Make Communism great again” has attracted more attention than the news that 21 shares are seeking to add staking to its spot ether ETFs.
Ether rose 3.5% from its 21 share submission on February 12 to $2,776, but it wiped out all profits within 24 hours.
ETF Staking Price Pump “A complete retroactive”
Crypto analyst Johnny I said His 808,000 X followers say he is honestly comical, saying, “At this point, ETH has completely gone back to the ETF staking pump.”
Meanwhile, Tyr Capital's Hindi said he wouldn't be surprised if Ether surged to $4,000 in the coming months, reaching a new all-time high of $5,000 in 2025.
Related: Bitcoin OG sees $700,000 BTC price, 16K Ethereum on this “Valhalla” cycle
Several crypto commentators repeated the sentiment in Hindi, predicting that ETH would soon see a price increase.
Crypto Trader Crypto Mister said on February 13th post“It's just a matter of time ETH reversed. ”
Crypto Trader Poseidon is post On the same day, Ether prices will exceed $10,000 by March.
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This article does not include investment advice or recommendations. All investment and trading movements include risk and readers must do their own research when making decisions.
