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Bitcoinist

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Ethereum’s Rally Loses Steam: Analyst Foresee A Possible Brief Correction

  • Ethereum's rally loses steam as analysts foresee a possible brief correction.
  • IC News suggests that Ethereum may enter a temporary corrective phase due to overbought conditions and profit-taking by investors.
  • The altcoin is approaching a critical resistance level at $3,600, which could trigger a period of correction.
  • Despite the correction, Ethereum shows bullish potential with a mid-term price target of $5,450.

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