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Ethereum Holds $1,800 as Bears Grip the Market, But On-Chain Whales Are Quietly Buying
As the second-largest cryptocurrency by market capitalization struggles with a confirmed technical downtrend, growing bearish sentiment, and a series of headline-grabbing sales by co-founder Vitalik Buterin, Ethereum ETH/USD is currently trading between $1,800 and $1,842, down about 1.22% over the last day. However, beyond the surface, advanced on-chain data reveals a more nuanced picture that might be more significant in the coming 12 months than in the coming 12 days. chart There is little doubt that the technical picture is negative. With ETH currently trading below its 30-day average ($1,893), 200-day average ... (full story)
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