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3 reasons why Ethereum price is still on track to top $2,000

Published 01/25/2021, 06:30 PM
Updated 01/25/2021, 08:00 PM
3 reasons why Ethereum price is still on track to top $2,000

3 reasons why Ethereum price is still on track to top $2,000

After dropping 27% over three days, Ether (ETH) price finally reached a bottom at $1,040 on Jan. 22.

The sharp correction liquidated $600 billion worth of future contracts but interestingly, Ether price rebounded to a new all-time high even as Bitcoin price continues to trade in a slight downtrend.

ETH/USD 4-hour chart. Source: TradingView
ETH held in exchange wallets. Source: Cryptoquant.com
March 2021 ETH futures premium. Source: NYDIG Digital Assets Data
ETH aggregate spot exchanges volumes. Source: Coinalyze.net
Exchanges top traders ETH long-to-short ratio. Source: Bybt.com

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Latest comments

Where are the 3 reasons????
You have to click the link to the full article.
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