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Ethereum Market Shows Signs Of Overheating Near $2,500 – Is A Short-Term Pullback Coming?

  • Ethereum's market shows signs of overheating near $2,500, potentially leading to a short-term pullback before attempting higher resistance levels.
  • ETH is displaying an overheated rally with a notable surge in trading volume, shifting from Cooling to Overheating levels in just a month.
  • Analysts suggest a short-term correction due to profit-taking and resting supply at $2,500 resistance level, with uncertainty about the depth and duration of any potential pullback.
  • Speculations from analysts vary, with some indicating a move towards $4,000 following a Golden Cross signal, while others warn of a retracement to $2,350 based on bearish signals.

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