Ethereum Price Analysis: Potential V-Shaped Recovery Amidst Accumulation Phase
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Ethereum's price has been under significant downward pressure recently, particularly after it failed to breach the $3,500 resistance level. Despite this decline, there are some indicators suggesting the formation of a price bottom.
Ethereum could potentially undergo a V-shaped recovery, indicating a rapid change in market sentiment. This phase appears to be marked by accumulation, which may support a future uptrend.
Source: en.coinotag.com ↗
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