#binanceWrite2Earn 🤑 Ethereum recovers as market dominance rebounds after historical low

The price of Ethereum rose 15% in just 24 hours, regaining its market dominance after hitting historically low levels.

🟡 Ethereum Recovery: On April 23, ETH rose to $1,800, surpassing Bitcoin and the cryptocurrency market in general. This recovery marked a 30% increase after the recent drop to $1,400, which may indicate a possible end to its downtrend.

🟡 Market Sentiment: The rise of ETH is also related to Bitcoin's momentum and the overall market sentiment, which was boosted by the confirmation of Paul Atkins' appointment as chairman of the SEC.

🟡 Fundamental Catalysts: Ethereum was oversold on both daily and weekly charts, creating ideal conditions for a recovery. The anticipated upgrades in the Ethereum mainnet are also seen as an important catalyst.

Will ETH continue its rise?

👍🏻 — Yes, this is just the beginning!

🔥 — No, I will remain cautious.

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