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Ethereum is once again capturing market attention after a prolonged period of underperformance, with multiple traders signaling that the world’s second-largest cryptocurrency may have already set a cycle bottom. The renewed optimism follows a deeper pullback in ETH compared to Bitcoin, which culminated in long-term spot holders capitulating for the first time this cycle. High-Conviction Calls Point to a $2.8K Cycle Bottom Popular trader Astronomer is among those who believe that Ethereum’s recent $2.8K low marks a high-timeframe bottom. He cites extreme sentiment readings, cyclical structure, and historical analogs as supporting evidence. According to him, this level confirms a
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