Ethereum Analysts Signal Strong Buy Consensus Amid ETF Inflows
Ethereum's price has been stuck in a bear market this year, down over 10% year-to-date. However, cryptocurrency analysts' consensus has shifted to bullish on Ethereum.
The Analyst Consensus Index, which measures net bullish-vs-bearish balance among tracked analysts, was bullish on September 23, according to CryptoQuant data. The hourly sentiment from 180 opinions hovered at +59, indicating a 'Strong Buy' sentiment.
This positive consensus has remained since July 29, when ETH price traded at $1,908. Top active crypto analysts, including Raoul Pal and Rekt Capital, are among those who believe in Ethereum's future growth.