Leading Binance Trader Expects Ethereum to Rocket Higher After 30% Drop

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Ethereum has dropped around 30% from its recent year-to-date highs after the U.S. dollar underwent a bounce. The leading cryptocurrency currently trades for $370, $120 shy of the $490 highs, but fell as low as $315. Ethereum remains in a positive state on a macro time frame, analysts say. One trader, a leading trader on Binance’s futures platform, expects the cryptocurrency to soon enter a parabolic uptrend. His assertion has been echoed by another top trader, one who predicted that Bitcoin would under a V-shaped reversal in March. Ethereum Set to Surge Higher: Top Binance Trader Ethereum is set to explode higher in the coming months, Logan Han, a leading trader on Binance recently asserted. He recently shared the chart seen below, which shows that ETH’s price action looks extremely similar to how it looked towards the end of 2017, prior to the exponential explosion that took place at the…

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