Ethereum Price Bounces Back as Pain Levels Signal Low-Risk Buying Zone

TLDR: Ethereum rebounded to $3,468 after nearly falling below $3,000, showing strong buying interest at support. Santiment data shows 30-day traders at -12.8% average returns, signaling room for short-term recovery. Both short- and long-term MVRV ratios are negative, often marking a low-risk accumulation opportunity. Ethereum remains in its 2024 $2.8K–$4.1K range as analysts expect more [...]

The post Ethereum Price Bounces Back as Pain Levels Signal Low-Risk Buying Zone appeared first on Blockonomi.