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EthereumPoised for Short-Term Correction Amid Declining Selling Volume and Price Dip
The recent trading data for ETHW shows a significant drop in selling volume, with a value of 49.76K ₮ compared to a buy volume of only 12.12K ₮, representing an 81% decrease in sell orders. The price has declined slightly from 1.5654 to 1.5597, marking a 0.4% decrease over a short period. Over the past 24 hours, ETHW has experienced a nearly 1% decline, with even steeper 4-hour and 1-hour drops at over 2% and 1.5% respectively, indicating intra-day bearish momentum.
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AI Analysis
The current market data for ETHW indicates a notable decrease in selling activity, with a substantial 81% drop in sell volume over a short timeframe, while buy volume remains relatively small. Despite...
AI Recommendation
Based on this analysis, I recommend maintaining a cautious stance for ETHW in the short term. If you already hold positions, consider setting stop-loss orders to protect against further downside movem...
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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