Ether traders see ‘larger bounce’ after ETH price taps $2.2K

Ether traders said ETH price could see further upside as long as bulls defended the $2,100 support, fuelled by renewed demand.

Market analysts said Ether’s (ETH) uptrend was confirmed after the latest 25% recovery to $2,200 from its multi-year lows below $1,800.

Key takeaways:

Ether rose to $2,200 on Wednesday, as onchain data shows signs of returning demand.

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