Ethereum shows signs of recovery, with short-term holder numbers approaching 4 million. This milestone historically suggests a potential price rally, according to crypto analyst Burak Kesmeci. However, ETH must exceed its 365-day moving average of about $2,849 to signal a sustained uptrend. Currently, its price is $1,835, reflecting a slight dip.
Ethereum (ETH) appears poised for a potential price rally as it makes a recovery in the broader cryptocurrency market, surpassing $1,800 at the end of April. This comes after a challenging price correction that started back in December 2024. Analysts, notably Burak Kesmeci, have highlighted this market shift as a signal that ETH might be gathering bullish momentum to benefit investors after a rough patch.
