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Ethereum rising to $3.3K proves bottom is in: Is 100% ETH rally next?
Ether climbed 7% in the past day, reclaiming its 50-week moving average (MA) near $3,300, an occurrence that has historically preceded strong price rallies. Data from Cointelegraph Markets Pro and TradingView shows that the ETH/USD pair bounced from $2,800 support, rising 20% to the current price at $3,362. This breakout has seen Ether’s price reclaim a key trendline — the 50-week exponential moving average (EMA) — increasing the likelihood of a steeper climb in the coming days or weeks. Previous instances show that ETH tends to rise sharply when the price closes above the 50-week EMA (purple wave). The ... (full story)
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