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Ethereum Faces Resistance as Whale Selling and Decreased Social Activity Signal Possible Pause

Ethereum's price faces a significant resistance point amidst on-chain indicators showing large whales have sold tokens worth $530 million, coupled with decreased social activity. This suggests a potential pause or decline in its current rally.
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AI Analysis

The recent market dynamics for Ethereum indicate a cautious outlook. The large-scale sale by whales, totaling approximately $530 million, suggests that major holders are divesting, which can lead to d...

AI Recommendation

Given the current indicators, it would be prudent to adopt a cautious stance. Traders should consider waiting before entering new long positions until there is evidence of renewed buying interest or 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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