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Ethereum Price Eyes $3900 Rebound as On-Chain Data Favors Ethereum Over Bitcoin

source-logo  coingape.com 22 June 2024 21:50, UTC

The second largest cryptocurrency Ether witnessed medium volatility for the past two weeks, hovering above $3360. The prolonged correction in Bitcoin and development around spot ETH ETF are fueling the uncertainty sentiment in this asset resulting in sideways action. However, with the broader trend bullish the Ethereum price shows growth in on-chain data indicating a potential for bullish reversal.