The ETH market currently resembles the sideways consolidation that is also taking place across all other cryptocurrency markets.
Thinking of this phase as a prolonged accumulation period, many traders might suspect this structure as the bottom for Ethereum price, but let’s take a closer look.
Macroeconomic factors still affect the market, while spot volume is low, and the Open Interest rate has grown very little. But the big question is whether this is a buying…
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