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3 signs Ethereum price is gearing up for a rebound toward K
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3 signs Ethereum price is gearing up for a rebound toward $6K

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3 signs Ethereum price is gearing up for a rebound toward K
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3 signs Ethereum price is gearing up for a rebound toward $6K

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Source: Coin Telegraph

Ethereum is now testing a key support level that last helped it rebound by over 160%. Multiple factors support this bullish fractal.

Ether (ETH), Ethereum’s native token, is on track to post its first October loss since 2018, having fallen 5.40% month-to-date to reach $2,475 on Oct. 27.

ETH/USD daily price chart. Source: TradingView

The decline is driven by intensifying competition from newer smart contract platforms like Solana (SOL) and the tepid market response to Ethereum-based spot ETFs.

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Author: Yashu Gola

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