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Tag: rally

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Ethereum price fails to rally in the face of good news — Here’s why

Ether’s failure to respond to good news could be rooted in investors’ perception that macroeconomic conditions are worsening. Ether has been under pressure since June 7, when it lost its $3,800 support level. Despite a series of positive developments, its price remained below $3,600 on June 19, showing no weekly change. Some analysts believe that the…
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