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Ethereum Bounces Back: On-Chain Data Points to Major ETH Rally Ahead

  • Ethereum (ETH) has traded below a crucial support level of $3k for multiple months.
  • A recently released 10X Research report suggests that ETH has bottomed out and is showing a trend reversal.
  • Analyst Alex Kruger remains bearish on Ethereum, doubting its ability to join a broad market rally if Donald Trump wins the US presidential election.
  • On-chain data reveals an impressive surge in Ethereum's daily trading volume, indicating positive market activity.

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