Ethereum Surges 33% Within 4 Days, Will ETH be Able to Sustain Momentum?204.39

ETH, the native cryptocurrency of the Ethereum blockchain network, has surged by more than 33 percent in the past 4 days, despite the expectations of investors for ETH to continue its downtrend below the $200 support level.

Since Sept. 12, the price of ETH has increased from $167 to $223, achieving a monthly peak at $227. Traders have attributed the surge in the value of ETH to the oversold conditions demonstrated by the crypto market, as shown by Williams Percent Range and a technical indicator shared by billionaire investor Mike Novogratz.

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