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Why is Ethereum Price Up Today?

  • Ethereum (ETH) has shown a 6.93% price increase in the last 24 hours, trading at around $2,558.65.
  • Ethereum Foundation announced changes in its leadership structure, appointing new Co-Executive Directors and a President, leading to positive market sentiment.
  • While Ethereum is on a bullish climb, Bitcoin (BTC) and other cryptocurrencies have shown smaller gains or remained flat.
  • Technical analysis suggests Ethereum is approaching resistance levels, with market outlook uncertain. Traders are monitoring the situation closely.

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