Ethereum Price Retreats to $600 Despite Imminent ETH 2.0 Rollout

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Ethereum has witnessed some intense selling pressure following its latest push higher, with bulls trying to defend $600 as bears aim at pushing it below this level The selling pressure here has proven to be quite intense throughout the past few days, but bulls have been able to absorb all of it and continue pushing it higher Where the rest of the market trends in the near-term will depend largely on the $600 level and ETH’s continued reaction here The overnight rejection at highs of $620 came about shortly after the ETH2.0 staking contract reached the threshold required for the network upgrade to be rolled out Bulls don’t seem too excited about this in the near-term Ethereum and the aggregated crypto market have been pushing higher as of late, with bears being unable to gain any serious ground as bulls continue taking full control of the market’s trend. Bitcoin is…

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