This article was prepared using automated systems that process publicly available information. It may contain inaccuracies or omissions and is provided for informational purposes only. Nothing herein constitutes financial, investment, legal, or tax advice.
Ethereum (ETH) dropped 6% amid a broader market correction, while Cardano (ADA) fell even further. Despite the downturn, whale activity and ETF inflows suggest potential rebounds for ETH and ADA, with Bitcoin (BTC) also showing oversold signals.
- Ethereum's exchange balances hit a nine-year low, reducing selling pressure and signaling long-term holder confidence.
- Cardano's price structure resembles its last bull cycle, with analysts predicting a breakout above $0.92 could lead to $4.
- Bitcoin's RSI near 30 indicates oversold conditions, with traders anticipating a rebound towards $145K-$150K.
📎 Related coverage from: cryptopotato.com