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Despite Ether’s drop below $3,000, data suggested that ETH price could see a sustained recovery over the next few weeks, as long as the $2,800 support level holds.
Ether (ETH) price is up 11% since plunging below the $3,000 mark on Saturday, reclaiming key support levels. Analysts say that increased demand from institutions, coupled with the end of quantitative tightening, could lead to a recovery toward $3,600.
Key takeaways:
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Ethereum demand is recovering along with ETF inflows.