Ethereum isn’t dead’ – Analysts weigh in as ETH rebounds above $1,600

Ethereum price recovered back above $1600 on Monday after analysts said the asset was showing fresh resilience. ETH price rose 1.30% to $1,661 over 24 hours, outperforming a flat Bitcoin market. The shift was made despite the weakness in traditional risk assets. The traders attributed the recovery to a short squeeze that compelled liquidations and