According to Santiment, ETH has a chance to regain its

📌 According to Santiment, ETH has a chance to regain its footing at $3.2K in the near future, which is due to the low yields of stablecoins.

Despite the fact that the value of Ether has been declining slightly over the past weeks, technical indicators and data on capital flows are beginning to show initial signs of positive changes. Over the past month, the price of this asset slipped by 21. Cryptocurrency

32% , which coincided with a general market decline caused by a major reset of positions in the crypto market for $19 billion, which occurred on October 10. This event followed U.S. President Donald Trump’s announcement to impose 100 percent duties on Chinese products.

Crypto expert Matthew Hyland pointed out in X on Saturday that “the weekly chart of ETH to BTC is close to changing trend to an uptrend for the first time since July 2020”.

In parallel, spot exchange traded funds (ETFs) for Ether showed a turnaround this week, attracting $312.6 million in net inflows for the week, following three consecutive weeks of net withdrawals.

The improvement is also noticeable in the overall sentiment of the cryptocurrency market. In November, which is traditionally a strong month for Bitcoin, the Cryptocurrency Fear and Greed Index was in the “extreme fear” zone for 18 days, and on Saturday it moved to the “fear” mark, indicating some stabilization of market expectations.

Looking ahead, according to CoinGlass statistics, December has historically brought Ether an average return of 6.85% since 2013.