Summary
- Analysis suggests that "Ethereum (ETH) is in an oversold state, making it a good time to buy."
- Qiao Wang, founder of Alliance DAO, stated that "Ethereum is in a similar situation as during the Terra collapse in 2021, the bear market in 2018, and the DAO hack in 2016."
- Qiao's previous statement that "Ethereum's growth potential has reached its limit," when he sold his Ethereum, also drew attention.
Analysis suggests that Ethereum (ETH) is in an oversold state, making it a good time to buy.
On the 13th (local time), Qiao Wang, founder of Alliance DAO, said through his X account, "Ethereum is currently in a similar oversold state as during the Terra collapse in 2021, the bear market in 2018, and the DAO hack in 2016," adding that "it's difficult not to buy Ethereum at the current price."
Previously last month, Qiao Wang sold his Ethereum holdings that he had kept for 10 years, stating that "Ethereum's growth potential has reached its peak."
Suehyeon Lee
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