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Ethereum Approaching $4800 Resistance with Possible Pullback

I believe that Ethereum (ETH) is poised to challenge the $4800 resistance level in the near future. However, after reaching this milestone, a price correction or pullback might follow as traders take profits or market sentiment shifts.
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AI Analysis

Ethereum's rapid price increase and strong market momentum suggest it is nearing a key resistance level at $4800. This level has historically served as a psychological barrier where many traders might...

AI Recommendation

Given the current outlook, I recommend traders keep a close eye on ETH's price action around the $4800 resistance. If ETH manages a strong break above this level with high volume, it could signal a co...

Disclaimer

The AI analysis and recommendations provided are for informational purposes only. Any investment decisions should be made at your own risk. Past performance is not indicative of future results. Always conduct your own research and consider consulting with a financial advisor before making any investment decisions.

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