Ed Hindi, co-founder of investment company Tyr Capital sure that the Ethereum market has reached the peak of the bearish trend and will soon reverse.
According to Hindi, the current situation in the ETH market is reminiscent of the events that took place in the Bitcoin industry before the release bitcoin ETF in the US in January 2024, when the cryptocurrency rate consolidated around $42,000. In this regard, Ed predicts the end of the accumulation period and a powerful pump in the price of Ethereum, which has fallen by 19% since the beginning of the year.
Ed Hindi
Hindi's positive outlook is based on two beliefs:
- As a result of the prolonged bearish trend, so-called “weak” holders of digital assets who are ready to sell coins at any moment have been forced out of the ETH market;
- Institutional Owners bitcoin ETF , will start adding shares эфириум - ETF into their investment portfolios.
Ed didn't provide evidence to support his arguments, but there is at least one objective factor that could help kick off a bull run in the Ethereum market. It is meeting at least 25 key ETH developers met on February 13. The programmers agreed to speed up the process of releasing updates designed to improve the blockchain.
In particular, we are talking about the upgrades of Pectra and Fusaka, which are scheduled to be released in April 2025. Members of the crypto community hope that the updates will reduce the average transaction processing fee, which sometimes reaches $12, and thus eliminate one of the main barriers to the popularization and development of the network. Ethereum .
