Ether’s (ETH) price action is mirroring a pattern seen during the early August bottom, hinting at a renewed bull run ahead.

Ether has faced a steep decline of 32%, dropping to $2,770 since mid-December and has lagged significantly behind its larger rival, bitcoin (BTC). The volatility reached new heights on Monday when prices plummeted to nearly $2,000 on several exchanges, only to rebound to $2,700 on the same day, the biggest one-day swing since September 2021 .

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Author: Omkar Godbole

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