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Ethereum (ETH) Volume Spike Triggers Caution as Pullback Risks Mount

  • Ethereum has surged by 61.5% in the past 30 days, surpassing Bitcoin and currently trading above $2,500.
  • Data from CryptoQuant suggests Ethereum's trading volume has shifted from Cooling to Overheating, indicating a potential short-term pullback.
  • Despite signs of fatigue, technical analysis shows a repeated 'Golden Cross' pattern, hinting at a possible rise towards $3,000.
  • Key resistance levels for Ethereum include $2,585 and $2,620, while key support levels are at $2,500 and $2,250. Technical indicators point towards a constructive trend despite the possibility of a pullback.

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