Ether Potential Macro Bottom
This is a news story, published by CoinGape, that relates primarily to Vitalik Buterin’s news.
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Ethereum price formingCoinGape
•Is Ethereum Price Forming a Macro Bottom?
63% Informative
Many investors across are losing hope on ETH due to its unspiring performance in 2024 .
While many top altcoins have more than doubled in 2024 , ETH continues to disappoint investors.
ETH has completed the fakeout and is currently retracing lower, in search of a potential bottom.
If ETH has already formed the macro bottom then it is the August 4 swing low of $ 2,127 .
Vitalik Buterin’s optimism and planned upgrades offer hope for ETH 's future.
ETH 's performance in 2024 has led many investors to question its potential.
A recovery above the 200-period EMA could confirm the start of a bull run.
With ETH 's long-term prospects intact, investors may reconsider their stance.
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