The spike in Ethereum's price occurred despite Baidu's anti-cryptocurrency measures. Baidu followed Tencent and Alibaba suit by censoring online speech related to cryptocurrencies and restricting access to crypto-focused forums and discussion boards. The company cited the laws, regulations, and policies as the main reasons for this censorship. Many popular cryptocurrency chatrooms, including the famous Digital Currency Bar and Virtual Currency Bar" were blocked by Baidu.
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Ethereum price: an indication of a long-term bearish trend reversal?"
ETH is now in the bottom line and there is no such indication for uptrends, whatever reasons behind this is not so important but rather the most important thing is to buy Ethereum now as it is the lowest price, don't worry that it will go down deeper because ETH is also good long-term investment.