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Ethereum Price Trapped Between Key Levels Amid Inflows

Guavy AI Editorial Team
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Ethereum's price remains stuck in a tight range between $2,400 and $2,500, with weak momentum and low trading volume. Despite this stagnation, US spot Ethereum ETFs have attracted significant inflows of $87.68 million, indicating continued investor interest.

The market is eagerly awaiting a decisive move outside this range to signal whether the price will break out into a renewed rally or deeper correction.

In related news, the cryptocurrency market has surged by over $500 billion in August, with Zcash leading the pack with an 82% gain. Bitcoin also saw a 25% increase during this period.

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Disclaimer: Guavy is a data and market intelligence provider, not an investment adviser. The information, signals, and market analysis provided by the Guavy API and related services are for informational purposes only and are not intended as financial advice, investment recommendations, or an endorsement of any particular trading strategy. Trading in volatile markets, including cryptocurrency, carries significant risk and may not be suitable for all investors. Past performance is not indicative of future results. Users should consult with a qualified financial professional before making any investment decisions. Guavy makes no guarantee of trading profits or financial returns.

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