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Is Ethereum Headed for a Dip After Recent Highs?

  • Ethereum surged to a 16-day high of $2,684, but now faces potential selling pressure.
  • Increased exchange deposits signal profit-taking and potential price correction.
  • A notable increase in Ethereum's netflow to exchanges suggests heightened selling pressure.
  • Investors should monitor key support levels as Ethereum could face short-term corrections.

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