Key takeaways:
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Ether’s profitability metrics drop to levels that have historically marked local bottoms.
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Ethereum fees up 83% weekly, signalling strong onchain demand.
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ETH supply on exchanges is at a nine-year low, with strong price support at $3,000.
Ether’s (ETH) latest sell-off was stopped at $3,000, as bulls aggressively defended this level. ETH has since recovered to current levels above $3,300, increasing the odds that the price was unlikely to drop lower, backed by several onchain…
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