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Despite Ether’s rejection from $3,400, data suggested that ETH price could see a sustained recovery over the next few weeks, as long as a key support level held.
Ether’s (ETH) price had dropped 7% since being rejected from the $3,400 mark last week, falling to key support levels. Data suggested that increased staking demand, coupled with renewed ETF inflows and strong technical support, could lead to a sustained recovery.
Key takeaways:
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Ether queued for staking goes parabolic, with a 44-day wait time.