Ethereum fundamentals signal $2,000 ETH price is closer than it seems
Both on-chain and trading metrics indicate Ether dips are meant for buying as ETH eyes $2,000. In the early hours of Feb. 15, Ether (ETH) price plunged to $1,660, followed by a 9% recovery within 10 hours. The move triggered $280 million in futures contracts liquidations, indicating excessive leverage from longs.Although the initial anxiety regarding CME's ETH futures launch on Feb. 8 seems to have faded, sustained excessive transaction fees might have undermined investors' confidence. Nevertheless, the fundamentals behind Ethereum remain solid, indicating ETH price should promptly recover....
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