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Ethereum Bounces From Macro Support Zone — Is a Major Rally Coming?

  • Ethereum has bounced from a significant support zone, historically marking macro bottoms since 2017 followed by powerful rallies.
  • Currently, Ethereum is trading at $2,512, showing a 39.3% increase in the past month with a market cap of $303 billion.
  • Technical analysis suggests a strong foundation for Ethereum's price with the potential for a rally towards the $2,600-$2,800 range.
  • Bulls are optimistic about a continuation of the rally, as momentum and sentiment favor Ethereum once again.

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