Time

<ul class="news-points"> 
 <li>The on-chain analytic platform founders opined that the current ETH price is an opportunity for long-term holders.</li> 
 <li>ETH needs the RSI to rise above 32.86 for the altcoin to push above $1,700.</li> 
 <li>If the CMF moves into the positive territory and the +DMI outpaces the -DMI, then ETH may move towards $2,000.</li> 
</ul> 
Like other cryptocurrencies, <a href="https://coinedition.com/tag/ethereum-eth/" rel="noopener noreferrer nofollow">Ethereum (ETH)</a> has been experiencing a bearish phase. One undeniable reason for the downturn is the widespread selling pressure that ETH was going through. 
Amidst this bearish sentiment, notable figures in the industry, such as the founders of Glassnode, have weighed in with their insights. The founders Yann Allemann and Jan Happel, who share the X (formerly Twitter) handle Negentropic, suggest that ETH’s ongoing selling pressure might be setting the stage for a potential breakout. 
<h2 class="wp-block-heading" id="h-time-for-eth-to-breakout"><a></a>Time for ETH to Breakout?</h2> 
For Allemann and Happel, there was a key pivot at $1,680, which could lay the ground for the breakout. Also, the post added that the oversold state of ETH could attract long-term buyers while maintaining that ETH was not yet out of bearish control. 
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 ETH's past week – Key pivot at $1,680: potential for a breakout – Bearish … 
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The post <a rel="noopener noreferrer nofollow" href="https://coinedition.com/eths-bearish-state-could-trigger-a-breakout-glassnode-founders/">ETH’s Bearish State Could Trigger a Breakout: Glassnode Founders</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://coinedition.com">Coin Edition</a>.

ETH’s Bearish State Could Trigger a Breakout: Glassnode Founders

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