Mike Zaccardi Plans to Rebuy Ethereum Amid Market Stabilization

2025-12-09 13:30

Financial analyst Mike Zaccardi intends to repurchase Ethereum (ETH) this week, following technical indicators that suggest a market correction may be concluding. Zaccardi, who previously reduced his ETH exposure via ETF sales in November for tax purposes, identifies the USD 2,600 level as a significant long-term support for ETH, which recently tested this level after falling from USD 4,100. Despite recent declines, Zaccardi remains optimistic about Ethereum's prospects, citing its relative strength compared to Bitcoin and potential seasonal gains from December to May. He also points to a breakout in the Relative Strength Index (RSI) as a bullish signal for ETH's price trajectory.

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