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Business & Economics

Ethereum Price Rebound Likely as 1.09M ETH Leaves Exchange Amid Oversold Conditions

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Summary
Nutrition label

67% Informative

Data shows 1.09 million ETH worth $2.9 billion has exited exchanges, indicating an alleviated selling pressure.

Data shows ETH /BTC's RSI has hit oversold level for the first time in its history.

Many buy signals are flashing for the ETH price, both from an on-chain and technical perspective.

If history rhymes, ETH is due for an explosive recovery rally to $ 4,000 .

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51

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41

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33

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formal

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English

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39

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short-lived

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