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ETH's Revenge Run

ETH stares down $3K, but where is retail?
Bankless Bankless Feb 19, 20241 min read
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market analysis ETH's Revenge Run

Ethereum is testing the $3K barrier after a weeks-long run-up has brought ETH up 30% on the month, more than holding its own against Bitcoin's outsized run with the ETH:BTC ratio climbing over the past week as well. Is ETH poised for a breakout and will retail traders show up to the party?

Over the weekend, Crypto Twitter analysts broke out their Bitcoin Halving star charts foretelling future gains and new all-time highs with still more than two months left before the reduction in block rewards.

But ETH has late-spring narrative action a plenty as well, with primetime for the spot ether ETF application approval still months out from key May deadlines for the SEC.

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