TechFlow, Dec 9 — According to CriptoNoticias, U.S. investment analyst Mike Zaccardi said he will repurchase Ethereum (ETH) this week after selling part of his ETH ETF position in November for tax reasons.
Zaccardi noted that technical indicators suggest "the correction may be nearing an end," with ETH showing strength against Bitcoin for the first time since August. He mentioned that ETH dropped 47% over three months after approaching $5,000, briefly touching a long-term support level at $2,600.
The analyst believes the Relative Strength Index (RSI) breaking above a downward trend line could be an early signal of price recovery. Although $4,100 remains a key resistance level, he sees potential signs of stabilization.
From a seasonal perspective, Zaccardi pointed out that historically ETH performs strongly from December to May, while experiencing higher volatility from June to November. He plans to maintain his ETH ETF exposure at 0.5% of his portfolio.
