Key Insights:
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ETH’s price is down by 62.35% from its 2021 all-time high.
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Short-term gains for the coin seem limited, but ETH’s price could still outperform in the long term.
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The switching Ethereum to Proof-of-Stake could add bullish momentum to the coin’s trajectory.
While 2021 was a stunning year for the top altcoin ether, the new year drowned the larger market and ETH into a sea of bearishness.
On December 31, 2021, ETH/USD traded in the high $3761 zone. For most of December 2021, ETH…
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