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ETH Need a Rebound in Staking Inflows to Target $2,000

From fxempire.com

Ethereum (ETH) fell by 0.84% on Monday. Partially reversing a 4.26% gain from Sunday, ETH ended the day at $1,893. Significantly, ETH avoided sub-$1,850 for the first time since May 7. A bullish start to the day saw ETH rise to a first-hour high of $1,929. Falling short of the First Major Resistance Level (R1) at $1,945, ETH fell to a late afternoon low of $1,874. However, steering clear of the First Major Support Level (S1) at $1,848, ETH revisited the $1,900 handle before easing back to end the day at $1,893. US Debt Ceiling News and Staking Inflows Weighed: According to CryptoQuant, staking inflows increased from ... (full story)

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  • Category: Technical Analysis