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Ethereum Buyers Surge as Aya Miyaguchi Leads ETH
Ethereum (ETH) buyers are increasing their positions despite the recent market volatility, as Aya Miyaguchi assumes the presidency of the Ethereum Foundation. ETH currently trades at $2,389.93 at the time of writing, after experiencing a 5.06% decline. Some key accumulation zones were identified at $2,632 and $3,149 and suggest strategic buying activity among Ethereum buyers that could signal a potential ETH rebound in the coming weeks.
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Ethereum’s Price Outlook Under New Leadership—Will Buyers Win?
Miyaguchi’s New Role at the Ethereum Foundation
Miyaguchi said:
Vitalik Buterin, Ethereum’s co-founder, expressed strong support for Miyaguchi’s leadership:
The leadership change occurs amid Ethereum price prediction discussions and growing interest from Ethereum buyers seeking to capitalize on current market conditions.
Ethereum Buyers Accumulating at Key Levels
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The Cost Basis Distribution (CBD) metric shows that downward shifts in investor cost bases are appearing, indicating persistent gathering despite price volatility. This buyer behavior often precedes significant ETH rebound movements in the cryptocurrency market.
Technical Challenges for Ethereum Foundation
CoinCodex experts said:
ETH Rebound Prospects Under Analysis
The current technical indicators for ETH present a mixed picture for Ethereum buyers. With an RSI of 33.30, Ethereum approaches oversold territory but hasn’t reached extreme lows, suggesting potential downside risk remains. The MACD histogram has flipped negative, reinforcing bearish momentum in the short term.
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Ethereum price prediction experts are monitoring the $2,632 support level closely. A breakdown below this zone could trigger a deeper correction, while continued accumulation by Ethereum buyers could push prices toward the $3,149 resistance level.
As the Ethereum Foundation navigates both leadership changes and technical challenges under Miyaguchi’s presidency, the next few weeks will prove crucial in determining whether ETH can rebound from current levels and reward the buyers who have been accumulating during this period of market uncertainty.