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Ethereum analysts see ‘further upside’ as ETH price reclaims $3.6K
Market analysts say Ether’s uptrend remains intact despite the latest 9% drop from its seven-month highs. Data from Cointelegraph Markets Pro and TradingView shows that Ether’s price action reclaimed the $3,600 level after a flash crash to $3,500 during the early Asian trading hours on Thursday. The ETH/BTC exchange inflows ratio suggests that Ether’s “outperformance could continue as it still faces relatively lower selling pressure than Bitcoin,” onchain data provider CryptoQuant said in its latest Weekly Crypto Report. The chart below shows that the ratio dropped to its five-year lows in May, suggesting ... (full story)
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