5 factors show bulls control Ethereum price even after a 26% correction

5 factors show bulls control Ethereum price even after a 26% correction

Multiple data points show investors are strongly bullish on Ethereum price even after today’s sharp rejection at $1,160. On Jan. 4, Ether (ETH) price rallied to $1,160, which was followed by a 24% correction within the following 4 hours. What is clear is that investors are anxiously awaiting the CME's ETH futures launch which is scheduled for Feb. 8. Another factor driving the current rally is that Ether miners' balances reached a two-year low, a scenario that some analysts view as bullish.The phenomenal growth of total value locked in decentralized finance projects has also played a part,....


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