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Ethereum approaches a new ATH, but derivatives data reflects mixed emotions

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cointelegraph.com

Today Ether (ETH) price briefly touched $4,760, exciting investors and reminding the world that the altcoin is a mere 2.2% below the $4,870 all-time high reached 20 days ago.

While the spot price action might be intriguing, let’s see what’s happening in Ether’s derivatives markets.While it is possible to draw a descending channel that shows support at $3,960, today's 5.4% positive move seems decoupled from Bitcoin's (BTC) negative performance.

Read more on cointelegraph.com
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