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Ethereum Approaching First Target: A Conservative Outlook on Price Correction

I believe Ethereum has already reached its initial target price! It seems that stops aren't really effective for it anymore. Currently, the local oversold conditions are so extreme that only a short squeeze could trigger a correction. I think this scenario is the most probable and also among the most conservative ones.
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AI Analysis

From the current market analysis, Ethereum's price has already approached its initial target level, indicating strong upward momentum. The mention of stops not being effective suggests that the bullis...

AI Recommendation

Given these insights, I recommend traders consider taking partial profits to lock in gains since Ethereum is nearing its initial target and conditions suggest a potential short squeeze. Maintaining a ...

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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