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Ethereum (ETH) Price Skyrockets to Unprecedented Heights of 50% Recovery Because Logic Says That Is What Happens When You Lose Half Your Value in One Day

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Oh boy, Ethereum’s price is up today because… wait for it… the market has recovered! I mean who wouldn’t want to buy something that was worth half its value just yesterday? It’s not like people are trying to get rich quick or anything. And of course, Bitcoin and Ether are in lockstep again – what a surprise

Source: cointelegraph

Ether (ETH) retested $2,111 on Aug. 5 for the first time since Jan. 3, briefly giving away 98% of its 2024 yearly gains. The ETH/BTC chart also illustrates weakness against Bitcoin (BTC), with the trading pair reaching a 1,211-day low. Meanwhile, Ethereum ETF inflows recorded a minor netflow of negative 2.9 million on Aug. 8 after exhibiting over $150 million in positive inflows right after Monday’s market rout. The total […]

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