Is Ethereum Price Poised for a Major Comeback? Analysts Weigh In!
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After rebounding from a crucial support level around $2,116 earlier this week, Ethereum (ETH) displayed a bullish outlook by Thursday. The large-cap altcoin, with a fully diluted valuation of about $321 billion and a daily average traded volume of around $23 billion, surged 10 percent in the past 24 hours to trade at approximately $2,670.
Analysts believe this bullish trend could signify the beginning of a major comeback for Ethereum. The strong rebound from a significant support level suggests increased investor confidence and potential further price advancements.
Ethereum's market metrics and recent performance highlight its resilience and potential for growth, emphasizing the importance of monitoring its price movements and underlying factors in the coming weeks.
Source: coinpedia.org ↗
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