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Ethereum gained between 97% and 147% after ETH price flipped the 50-week MA into support. A similar scenario is unfolding this week.
Ether (ETH) climbed 7% in the past day, reclaiming its 50-week moving average (MA) near $3,300, an occurrence that has historically preceded strong price rallies.
Key takeaways:
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Ethereum may have found a floor around $2,800, signaling a local bottom.