Ethereum Price Surge: What’s Behind It?

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Ethereum price is up today after the biggest altcoin holds above a key support zone and analysts remain optimistic about Ether’s upside.

Ethereum’s is up 7.51% over the last few days, reaching an intraday high of $3,421 on Jan. 24. It also recovered back above its 100-day SMA level on the daily chart after breaking below it last week.

Ether price move mirrors marketwide recovery

ETH’s price rise on Jan. 23 mirrors the bullish sentiment in the market that has seen crypto prices recover across the board.


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