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26 October 2020

Ethereum price back on track to $500 once bulls flip $400 to support

Ethereum price back on track to $500 once bulls flip $400 to support


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The rally from $366 to as high as $387.50 occurred as Bitcoin (BTC) price surged to $11,600, leading traders to speculate that the crypto bull market has restarted.

Over the past few weeks Ether’s fundamentals have strengthened and despite a sharp downturn in the price of decentralized finance tokens, the number of active users in the Ethereum network has continued to grow.

The confluence of a strong Bitcoin rally and robust Ethereum fundamentals likely catalyzed the sharp Ether rally

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cointelegraph.com
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