CandleFocus

Ethereum Price Analysis: ETH 2.0 Staking Deposits surge $175M as Traders anticipate $3,500 Rebound

The price of Ethereum (ETH) increased by 4% to reach $3,220 on January 12, indicating a rebound from the recent market sell-off. On-chain data reveals that investors are making significant deposits into ETH 2.0 staking contracts. This development raises the question of whether the ETH price has reached a market bottom.

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