Investment analyst Mike Zaccardi stated that he will re-enter Ethereum this week, believing that the adjustment may soon come to an end

According to CriptoNoticias, American investment analyst Mike Zaccardi stated that he will be re-buying Ethereum (ETH) this week, after previously selling part of his ETH ETF position for tax reasons.

Zaccardi pointed out that technical indicators show "the adjustment may be coming to an end," with ETH showing strength against Bitcoin for the first time since August. He mentioned that ETH fell 47% within three months after approaching $5000, dropping to a long-term support level of $2600 at one point. The analyst believes that the relative strength index (RSI) has broken through a downward trend line, which could be an early signal for a price increase. Although $4100 remains an important resistance level, he sees possible signs of stabilization. From a seasonal perspective, Zaccardi noted that historically, ETH performs strongly from December to May, while it experiences significant volatility from June to November. He plans to keep his ETH ETF position at 0.5% of his portfolio.