3 Signals Show That Ethereum Is Primed to Bounce After 35% Crash

[Lenipiw]

Ethereum has already seen a somewhat strong recovery from the local lows. After plunging as low as $315 on Saturday morning, the leading cryptocurrency has undergone a bounce of 8%, reaching $340 as of this article’s writing.

ETH is primed to move even higher, though, according to a recent analysis by a cryptocurrency trader. The analysis suggests that Ethereum’s recent correction is actually just par for the course and a likely precursor to further recovery.

This is in line with other analyses suggesting that Bitcoin is dramatically sold and also poised to bounce in the days ahead.
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