After a series of sharp declines, the crypto market shows initial signs of stabilization and rebound today. As of the morning of February 3rd, Ethereum's price has rebounded over 10% from yesterday's low of $2,157, currently trading around $2,346. Renowned analyst and Fundstrat co-founder Tom Lee publicly stated that the sell-off in the crypto market may be gradually losing momentum, and all conditions are in place for the market to "potentially be bottoming out." Meanwhile, market expectations are also stabilizing. Predictive market data shows that there is a 98% probability that Ethereum's price will be above $2,010 at 5 p.m. (EST) today, and a 91% chance it will be above $2,210. This reflects that, after extreme declines, investors' confidence in holding key psychological price levels is recovering.

ETH4,31%
View Original
post-image
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)