Ethereum Briefly Rebounds Above $1,600 as Market Stabilizes
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April 7, 2025 10:43 PM
In Brief:
ETH bounced back to $1,600 before settling near $1,581.
Despite a 24H drop of 9.74%, signs of recovery are emerging.
Ethereum briefly reclaimed the $1,600 level in early trading, signaling potential stabilization after a sharp downturn. HTX market data shows ETH touched $1,600 before retreating slightly to $1,581.
Though still down nearly 10% over the past 24 hours, the bounce reflects renewed buying interest as broader crypto markets attempt to recover from recent lows.
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