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Ethereum Flashing Bullish Signals, But Rising Exchange Reserves Raise Concerns – Details

  • Ethereum is flashing multiple bullish signals, including following the Wyckoff Reaccumulation Pattern, indicating a potential price reversal.
  • Bullish divergence in Ethereum's 4-hour chart and whale activity contribute to the positive sentiment surrounding ETH.
  • On the bearish side, ETH reserves on exchanges have been rising, increasing selling pressure.
  • Despite bearish sentiment, the possibility of a surprise rally is not ruled out. At present, ETH trades at $2,200, up 6% in the past 24 hours.

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