Ether has recently experienced a significant decline, falling 13% as investors sought safer assets amid economic uncertainties. Currently priced at $1,940, ETH needs to gain 29% to reclaim the $2,500 mark. Market dynamics suggest that typically, traders may overreact initially, potentially setting the stage for a faster recovery for Ether compared to its rivals. Despite recent leveraged long positions being liquidated and a dip to $1,744, positive indicators in ETH derivatives and on-chain metrics hint at a potential recovery. Furthermore, Ethereum's layer-2 networks are thriving, showcasing increased efficiency and transaction volumes. Ethereum continues to attract institutional investors, maintaining the second position in traditional finance with significant ETF support. Moreover, Ethereum has regained its top position in decentralized exchange volumes, surpassing competitors like Solana. While macroeconomic improvements will be crucial for recovery, the fundamentals indicate that ETH could reclaim key support levels in the coming weeks.

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