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TronWeekly

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Ethereum Consolidates Near Key Levels, Is a Breakout Brewing?

  • Ethereum is currently in a consolidation phase, indicating a potential reversal.
  • Analysts advise caution and suggest waiting for deeper corrections before entering long positions due to looming volatility.
  • There is increasing divergence between investor opinion and underlying indicators for Ethereum, with buy/sell pressure delta still negative but starting to level off.
  • Technical analysis suggests Ethereum is in a re-accumulation pattern, trading at support levels and awaiting a directional breakout to be confirmed.

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