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Dead Cat Bounce? Ethereum Surges 9% Amidst Crypto Market Recovery

Dead Cat Bounce? Ethereum Price Surges 9% Amidst Crypto Market Recovery

The crypto market has demonstrated a short-term corrective rally in the past 24 hours, after major assets like Ethereum showed strong oversold conditions. ETH, the native cryptocurrency of the Ethereum blockchain network, has been on an intensified downtrend since June, performing especially poorly against Bitcoin.

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