- Ether’s price is expected to rise by nearly 7% in the near term, as stablecoin yields remain low, indicating the market has room to grow. Santiment predicts Ether could revisit $3,200 resistance level, representing a 6.7% increase from its current price of $2,991. Ether is down 21.85% in the last 30 days.
- Stablecoin yields in lending protocols serve as a market health indicator, currently averaging 3.9% to 4.5%. A surge in yields often precedes major market tops due to increased speculative leverage. Despite recent market downturns, technical and flow-based signals suggest Ether may be showing signs of recovery.
- Market sentiment in the broader crypto space is improving, with the fear and greed index moving from "extreme fear" to "fear." December historically sees an average return of 6.85% for Ether since 2013. While seasonal trends for Bitcoin have underperformed in recent months, there is uncertainty surrounding their reliability.
Read more at Cointelegraph: Ether Eyeing $3.2K As Stablecoin Yields Remain Low: Santiment