Ethereum Picks Up Speed as Bitcoin Eyes Recovery Toward $60K: Here’s the Next ETH Price Trend
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The cryptocurrency market is experiencing its weakest daily trend since the November 2022 FTX collapse. A significant liquidation has impacted global markets. Bitcoin's price decreased below $50,000, causing Ethereum to drop to an eight-month low near $2,000.
Bitcoin is now targeting a rebound towards $60,000. Ethereum is showing signs of picking up speed, potentially influenced by this upward movement.
The market trends suggest cautious optimism for Ethereum's price movement, contingent on Bitcoin's recovery and broader market conditions.
Source: coinpedia.org ↗
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