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Three reasons why Ether traders expect ETH to hold above $1.8K

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Three reasons why Ether traders expect ETH to hold above $1.8K

1.02%BTC$72,256 0.62%XLM$0.1554 2.91%TRX$0.3188 0.22%XMR$343.98 2.42%DOGE$0.09331 0.72%BCH$444.45 0.32%ADA$0.2559 0.24%BNB$608.29 0.26%ETH$2,219 0.45%SOL$84.56 0.79%HYPE$40.02 3.59%XRP$1.35 0.29%USD Written by Nancy Lubale,Staff WriterReviewed by Ray Salmond,Staff EditorThree reasons why Ether traders expect ETH to hold above $1.8K1 hour agoOnchain and technical data hint that $1,800 may have been the macro price bottom for Ether. Is there sufficient bullish momentum for a rally to $3,000? Ether’s (ETH) recent sell-off was stopped at $1,800, as bulls aggressively defended the level. Ether’s rebound above $2,100, along with on-chain and technical data, suggests that traders will hold the price above $2,000 for the short-term. Ether’s profitability metrics drop to levels that have historically marked local bottoms. The MVRV Z-score and pricing bands suggest ETH price drop to $1,800 was the

Source: https://cointelegraph.com/news/three-reasons-why-ether-traders-expect-eth-to-hold-above-dollar1-8k?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound

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