$ETH As expected, I can arrange to wash my feet again today!
The price of Ethereum is around $2,727, and it is trying to break through the 26-day exponential moving average, but it seems a bit strenuous. This situation suggests that the market may continue to consolidate and may even reverse. Although the price of Ethereum has rebounded from its lows, recent trends show that it lacks enough momentum to break through $2,760, let alone approach the $3,000 mark.
The current state of the Ethereum network is a fundamental problem it faces. Network usage indicators show that even if the price has recovered, its utilization rate is still far from saturation. This lack of utilization may be a reason for the lack of purchasing power needed to drive prices up.
Intraday strong currency recommendation: AR STX WIF FET
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