Here’s why Ethereum price ‘may be primed for rebound’

The recent drop in prices in Ethereum suggests a potential rebound, with technical indicators alluding to occurrence conditions.

Ethereum (Ethn) The price fell to levels that generally report it could be ready for a rebound, says Matrixport of the Blockchain company. In a February 11 research noteAnalysts have stressed that the relative force index now shows signs of surveillance conditions, which often emphasize a potential price recovery.

Despite the positive technical signals, the atmosphere around Ethereum remains cautious, to say the least. Short interest in Ethereum leap 500% since November 2024. In addition to that, just last week, he jumped 40%.

The increase in short positions seems to show that investors feel lower and bet against ETH. However, this could also prepare the ground for short pressure, which could push the higher price.

However, the price of Ethereum had difficulties, even if the funds negotiated on the stock market in Ethereum have seen large entries. Even with $ 500 million flowing in ETHEREUM ETFE, its price has been flat, still well below its top of all time from November 2021. However, long -term investors, including groups like global financial freedom, linked to President Donald Trump, always buy More Ethereum, suggesting that there is a certain belief in its future growth.

Although it is not sure that Ethereum will soon recover, Matrixport suggests that several Pectra testenet deployments in March could act as potential “bull catalysts”. At the time of the press, Ethereum is negotiated at $ 2,715, its market capitalization remaining at $ 327.5 billion.