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Ethereum Just Printed a Macro Buy Signal Yet Not Everyone Is Convinced

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If you zoom in and look at Ethereum’s price action since the March lows, it would be easy to say that ETH is doing great. But if you step back and looking at the macro view, you realize how bad things have become.
Against the dollar, the leading altcoin has collapsed by around 85%. And against Bitcoin, the cryptocurrency has fallen by a similar amount.
That’s to say, the cryptocurrency still seems to be caught in a macro downtrend despite the recent surge.
A key bull indicator just flashed, boosting the hopes of bulls. But not all investors are convinced ...

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