Ethereum has had a rough year, but recent insights from industry insiders indicate a possible comeback. Matthew Sigel, VanEck’s Head of Digital Assets Research, recently indicated that Ethereum is oversold. He thinks that raising speculative interest in the altcoin will enable its comeback. This comes as Ether tries to catch up with rivals such as Bitcoin and Solana, which far exceeded it in 2024. Related Reading: Binance Coin Breaks $600! Is There More Upside Ahead For BNB? A Shift In Market Sentiment Sigel spoke on The Tie’s latest episode in which he hopes Ethereum will go in the right direction. He also noted that, although Ethereum faces problems, particularly regarding EIP-4844 in which it changes its economic model, opportunities can still emerge for a “bottom.” .@matthew_sigel “I think ETH is oversold…Speculation will come back to this market and I don’t think it’s going to ignore Ethereum.” https://t.co/5pMcZBLzfi — VanEck (@vaneck_us) November 7, 2024 The market is now a little conservative, but Sigel sees the commodity drifting back into speculation, bringing price back up and ad ..
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