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Ethereum’s recent sell-off has weighed heavily on sentiment after the price fell below the $2,000 level and pulled much of the altcoin market lower alongside it. The move has caused sweeping fear and caution among Ethereum traders. However, some analysts are of the notion that a bullish upside will roll in soon.
In a post shared on X, crypto analyst ChainHub said the current conditions point more toward exhaustion, and after massive downside comes massive upside.