After falling more than 15% following the US Federal Reserve's decision to cut rates for 2025 эфириум (ETH) is starting to show signs of recovery. Over the past 24 hours, the leading Altcoyin has risen in price by more than 5,8%. At the time of writing, эфириум trading at $3.
The altcoin's recovery began after major investors took advantage of the opportunity to buy it at a discounted price, expecting it to return to the $4000 level. For example, the Donald Trump-linked crypto project World Liberty Finance recently acquired 759 ETH for $2,6 million.
In addition, ETH holders are actively withdrawing their assets from exchanges, which indicates the beginning of the accumulation phase.
Analysts at the LookOnChain platform said that ten recently created wallets collectively withdrew Binance 17 ETH, which was valued at approximately $698 million at the time.
Ethereum-based exchange-traded funds have seen net inflows for seven weeks in a row. According to the latest data, ETH- ETF amounted to a record $1,6 billion.
Long-term forecasts for Ethereum also remain optimistic. Some analysts expect that next year kriptovalyuta will reach $8800. Asset manager VanEck expects the cycle to peak at $6000.