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Crypto

Ethereum Bounces Off $2,800, Sets Sights on $3,000

Guavy AI Editorial Team
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ETH
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Ethereum has set its sights on $3,000 after a recent dip to $2,800.

A net influx of $834 million into US spot Ether ETFs over six days has boosted demand for ETH, which currently trades at $2,644.78.

The MVRV ratio breaking above zero and the overlap with average trading volumes are reminiscent of previous price surges.

Support is holding up around $2,500 in the short term, but the $3,000 level remains a key resistance point.

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