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29.12 - 11:13
With its downtrend weakening, investors can expect this from Ethereum
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ambcrypto.comOf the 66.34 million Ethereum holders a lot of them have been inert for a while now. Consequently, despite the price rise, the volume has been at a low level. But the reasons and effects of this situation stretch beyond how it appears.
Despite the broader market making a relatively quicker recovery, Ethereum’s performance has been lukewarm at best.
The altcoin king has been losing any gains coming its way, which has caused the altcoin’s rally to be significantly slower than other coins, including Bitcoin.
While the king coin has managed to rise by over 10.5% in six days, ETH is still at 8.67% even after nine days. This is because any price gains registered over the span of 2-3 days are negated within one day.
Ethereum price action | Source:
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