Ether Rebounds After Big Drop Despite Economic Uncertainty 📈

Ether (#ETH ) dropped 33.9% to $2,188 between August 2 and August 5 due to a market correction from the Bank of Japan’s rate hike and Japanese stock losses.

It then #rebounded 23.7% in 36 hours. Market sentiment is mixed, with futures and options showing balanced views and onchain metrics indicating resilience.

ETH’s #recovery potential depends on broader market trends and economic conditions.

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