ETH/USD price Analysis
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Ethereum (ETH) has lost even more as the price has dropped by almost 20% over the last week. Ethereum (ETH) has also bounced off its support level at $1,560, which means that buyers are not ready to give up. Thus, the selling volume is low, confirming bears’ weakness. In this case, a correction to the $1,650-$1,700 zone can happen within the next days. Ethereum is trading at $1,599 at press time.