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Ethereum Price Leads the Rebound: ETH Near $2,420 After the…

By Tobi Opeyemi Amure

Photo for: Ethereum Price Leads the Rebound: ETH Near $2,420 After the…

Source excerpt · FinanceFeeds

The Ethereum price was $2,417.10 at 09:48 GMT+1 on Thursday, up 4.07% over 24 hours, per TradingView . Ether has given back part of an overnight bounce that reached 7% at its strongest reading. Two explanations sit behind the move, and the morning’s data supports both of them. Short sellers were squeezed hard as the rebound ran, and US spot ether ETFs bought for the first time in seven sessions on…