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Ethereum (ETHUSD) Rebounds on Seller Exhaustion but Faces Key Hurdles

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The Story

News Summary

  • Ethereum rebounded over 6% to trade near $1,666, boosted by Bitcoin's recovery and short liquidations.
  • While technical indicators suggest seller exhaustion, analysts warn that significant overhead resistance and tight US labor macro data could cap further gains.
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ETHUSD price history

2438.68 +24.10% over the displayed period

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