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VanEck Head Researcher Says Ethereum is Oversold, Predicts Speculative Interest Will Return to Propel ETH

  • Ethereum (ETH) has seen a 7.9% price increase in the past 24 hours, trading at $2,823.
  • Head of Research at VanEck believes Ethereum is oversold and expects renewed speculative interest.
  • Analysts suggest a significant short squeeze could lead to a potential rally for Ethereum.
  • Critics highlight structural issues and overemphasis on Layer 2 scaling solutions in Ethereum's ecosystem.

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