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Ethereum Skyrockets 49% in 6 Days, Surpasses $2,700 as Retail Traders Flip Bullish

  • Ethereum surged 49% in just six days, surpassing $2,700 for the first time since February.
  • Retail sentiment has turned bullish as social media discussions fueled expectations of a rally.
  • Transaction fees on the Ethereum network remain low, supporting ongoing network activity.
  • Ethereum's recent price surge is driven by a combination of sentiment, network growth, and low transaction costs, with retail traders eyeing a potential move towards $3,500.

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