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ETH Price Analysis: Key Support Remains Unflagging at $230 on ETH/USD Amid the Rapid Rise in Ethereum Coins Locked in DeFi Application

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After the March 12 market carnage, Ethereum (ETH) moved in an upward pattern alongside Bitcoin despite the cryptocurrency market nosedive of about 100 percent. The King Altcoin (ETH) has traded in an upside range limited by $250.00 since the rebound, until recently reaching a $253.60 high. ETH/USD increases in value at $240 at the time of publishing. After the beginning of the day, the coin has gained 2 percent and held steady daily. The value of funds locked up on Decentralized Finance Applications (DeFi) smart contracts reached nearly $1 billion, despite a sharp decline in March in the cryptocurrency ...

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