Ethereum Rebounds Following Recent Nosedive; What Analysts are Expecting

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Ethereum has been taking a beating throughout the past few days as all eyes closely watch Bitcoin The crypto has been severely underperforming BTC as of late, with the benchmark digital asset seeing a sharp rise in market dominance as altcoins stagnate This could be due to ETH and other alts lagging, which would indicate that a sharp move higher is imminent in the near-term One analyst is noting that a reclaim of $410 is likely imminent and could be enough to help spark a shift back into ETH bulls’ favor Ethereum has been sliding lower throughout the past day, but its buyers have been able to guard against it seeing any serious downside. Yesterday, it dipped as low as $380 before seeing an influx of buying pressure that helped it rebound slightly. This choppy price action comes as Bitcoin shows signs of strength and pushes to fresh 2020 highs.…

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