Analysis: Ethereum's daily average destruction volume increased by 163% in the past week, which may be a rebound signal

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According to ChainCatcher, according to Lookonchain monitoring, the average daily destruction of ETH increased by 163% in the past week.

According to historical trends, the amount of ETH destroyed increased in January and October 2023, and then the price rebounded.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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