Ether may fall below $1.9k “robust” demand zone, analysts eye capitulation 🔮
Ether may dip below the $1,900 mark, raising concerns about potential capitulation. Analysts suggest that historically significant demand exists in this range, which could spur a recovery. This sentiment is echoed by Juan Pellicer, a senior research analyst at IntoTheBlock, who highlights the robust demand zone just under $1,900 based on on-chain metrics.
Nicolai Sondergaard from Nansen notes that while a brief drop below $1,900 is possible, further decline is unlikely due to whale accumulation. The growing whale address count supports this, with addresses holding significant ETH rising by over 4% year-to-date, indicating institutional interest.
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