3 Reasons Ethereum Is Poised For a Recovery After Recent 18% Nosedive

3 Reasons Ethereum Is Poised For a Recovery After Recent 18% Nosedive

Ethereum suffered a severe correction over the weekend that saw its price plummet over 18%. The smart contracts giant went from trading at a high of $215 to recently hit a low of $175.5.
Despite the significance of this retracement, multiple technical and fundamental reasons suggest that Ether is bound for a bullish impulse.
Bullish Momentum is Building Up
From a technical perspective, a renowned…

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