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Ethereum's Daily Pattern Mirrors July 29, 2024, Suggesting Possible Drop to 1500

Ethereum, on the daily chart, is performing similarly to its movement on July 29, 2024. Regardless of other considerations, a decline towards 1500 appears probable. Previously, Bitcoin corrected from 70,000 to 49,000.
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AI Analysis

The current trading behavior of Ethereum on the daily chart indicates a pattern similar to that observed on July 29, 2024. Such technical recurrences often serve as indicators of upcoming market movem...

AI Recommendation

Given the presented technical analysis, it is prudent for traders and investors to prepare for a potential downturn in Ethereum, possibly testing the 1500 support level. Short-term traders may conside...

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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