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Strike Gold by Sharing Your TradFi Orders and Pictures!
Post on Gate Square and split $10,000 in rewards!
The TradFi Gold Lucky Bag is now live—1g of real gold every 10 minutes. Trade nonstop, win nonstop!
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Details: https://www.gate.com/announcements/article/47889
#ETHReboundSoon? Ethereum's rebound seems to be gaining traction, with its price currently sitting at $3,849.99 and a 0.02% increase. Some analysts predict that if Ethereum breaks above the 50-day moving average at $4,181, it could climb towards $4,500. Additionally, a surge in staking inflows and a decrease in exit volumes indicate long-term conviction in Ethereum's network security and passive income potential.¹ ²
Recent news also suggests that Ethereum's price could be positively impacted by the anticipation of a potential bull run, driven by factors such as³:
- *Increased Buying Activity*: Whales increasing their buying positions, with a negative Exchange Netflow of -13.3K ETH
- *Staking Inflows*: A $114 million increase in staking inflows, indicating confidence in Ethereum's network security
- *Market Sentiment*: Ethereum's price rebound above $4,000:**
If you're looking to capitalize on Ethereum's potential rebound, consider keeping an eye on its current price and market trends. The recent surge in Ethereum's price to $4,048.90, representing a 4.5% increase, further supports the possibility of a continued upward trend.⁴