Ethereum’s bearish U-turn? ETH price momentum fades after $1.6K rejection
Ethereum’s native token Ether (ETH) tumbled on July 26, lowering hopes of an prolonged price restoration. The pair dropped by roughly 5%, adopted by a modest rebound to over $1,550.
These in a single day strikes liquidated over $80 million price of Ether positions within the final 24 hours, information from CoinGlass reveals.
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