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Ethereum Nears ‘Critical Zone’ Historically Linked To Market Bottoms – Is A Rebound Incoming?

  • Ethereum (ETH) is approaching a critical demand zone historically linked to market bottoms.
  • The -1 standard deviation pricing band for ETH is around $1,387, and the current price is $1,553.
  • Recent on-chain metrics suggest ETH may be undervalued at its current price.
  • However, a dormant ETH whale dumped 10,702 ETH after nearly two years of inactivity, indicating weakening confidence.

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