Last Sunday, the price of Ethereum was near a critical level of $1800, a fall below which would mean a continuation of the bearish scenario. However, it seems that the panic mood of the market has subsided somewhat, no further sales followed. On the contrary, it served as an impetus for some investors to buy at the bottom.

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After reaching $2,390 yesterday, ETH/USDT now is consolidating around $2,270. Though it is too early to talk about bullish reversal, but both fundamental and technical factors indicate that a rebound is still ongoing.

Despite the fact that the institutional demand for…

Bex500 Exchange

Crypto futures traders deserve a better return

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