The sharp price drop in Q2, 2022 has raised many questions about Bitcoin's role as a hedging asset. ETH has even performed worse with depleted liquidity across all major exchanges.
Ethereum (ETH) is showing signs of bottoming out as ETH price spiked from a key support zone. Notably, ETH price is currently holding above the key support level at the 200-week SMA near $1,196.
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