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Ethereum Price Prediction: ETH Near $3,350 as $118B Staked Signals Supply Squeeze Ahead
Ethereum is still trading near $3,350, holding its ground after a pretty strong rebound out of the $3,050-$3,100 zone. With a market cap of something like $404 billion and over $31 billion worth of trades in the last 24 hours, liquidity is still pretty healthy even if the price has taken a pause. Rather than seeing this as a sign that the price is running out of steam, the current action looks more like consolidation after a really decisive recovery. At the same time Ethereum’s fundamentals are actually getting stronger. Roughly $118 billion worth of Ether is now staked, which is just shy of 30% of total ... (full story)
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