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Greeks.Live: Ethereum Shows Significant Relative Weakness to Bitcoin, Market Exhibits Divergence Pattern
BlockBeats News, September 2nd, Greeks.Live released its daily market brief, indicating that the market overall is disappointed with Ethereum's performance, believing that Ethereum has significantly weakened compared to Bitcoin. Traders have shifted to a generally bullish stance on allocating to Bitcoin, leading to a market situation where Bitcoin rises alone while mainstream coins experience a widespread decline. The market has observed whale buy orders of 260,000 ETH, with intense long and short speculation around the $4,400 price level.
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