The cryptocurrency market encountered a sell-off on Monday but has quickly bounced back, with most major coins now in the green. Ethereum, the second-largest cryptocurrency by market cap, is trading above $2,300 once again after dropping below $2,250 on Monday. Ethereum could continue its upward movement in the near term, supported by institutional and retail demand. Institutions and retail traders resume ETH acquisition ETH is up by 1% in the last 24 hours and is now trading above $2,300 per coin. The positive performance comes as the broader cryptocurrency market recovers from Monday’s dip. Growing institutional and retail demand is also pushing ETH’s price higher.
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