Can Ethereum bulls take bears out of the market?

might have decreased by 7.30% in the last 24 hours, but an assessment of a key indicator suggested that the decline might soon end.

However, the focus is usually on large buyers or sellers, as they have a big influence on price movements.A net negative of the Bulls and Bears indicator suggests more large sell orders than buys. In this instance, the price of the asset involved might decrease.that the reading was positive, indicating bullish confidence in the price trend. Should this metric maintain its position over the coming days, then ETH might be able to rise toward $3,100.

Moving, on, a turnaround might occur as intense fear could trigger a harder upswing if buying pressure increases.

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