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Ethereum price prediction shows the struggle of ETH crypto at a key resistance level as it is near the distribution phase.
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ETH price is above 20, 50, 100 and 200-days daily moving averages.
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Amid the bullish market, Ether provided around 25% returns in the last 30-days trades while Bitcoin provided 25%.
Ethereum price was at $1893.95 and lost 0.40% of its market capitalization intraday. Trading volume fell by 2.05% during the intraday trading session. This demonstrates that sellers are trying to pull ETH down. As ETH trades at a key resistance level in the distribution phase, Ethereum crypto struggles to maintain its recovery and is also affecting other altcoins as well.
Regulatory Reforms and Centralizations Being Discussed
Regulation-related difficulties and worries about ecosystem centralization are still topics of debate and thought for Ethereum, the second largest cryptocurrency after Bitcoin.
Some analysts assign some of Ethe
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