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Tag: ETH price

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Increasing Ethereum network use strengthens the case for ETH price rally to $3K

Surging Ethereum network activity and growing adoption of layer-2 scaling solutions pave the way for an ETH price rally to $3,000. Ether rallied 16.2% on Aug. 8, but struggled to maintain levels above $2,600 on Aug. 9. Despite encountering stronger-than-expected resistance at $2,700, Ether remains well-positioned to extend its bullish trend, supported by a more…
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Ethereum traders target $3K, but historical data raises a few red flags for ETH price

ETH bulls call for $3,000 as the next stop for Ether, but the altcoin corrected by 46% the last time it traded above this level. Ether price has been on an upward trend for the past 10 days, accumulating gains of 21.5% during this period as it flirts with the $2,800 level. The bullish momentum in…
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