#我在Gate广场过新年 Ethereum (ETH) Rises After 90% Selling Pressure: Is a Bigger Move Imminent?
Selling pressure on Ethereum has dropped by 90%. However, futures traders are still bearish.
Long-term investors have resumed buying.
Ethereum may form a local bottom.
Ethereum needs to break above the $2,060 resistance to confirm the recovery and initiate a stronger uptrend.
Ethereum has already begun to show signs of recovery. Having recently fallen to levels around $1,840, Ethereum has risen by approximately 4%, indicating that buyers are back in the game. Moreover, this rise isn't a sudden surge: a