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Ethereum's Uncorrected Rally Signals Possible Pullback
The reason for the correction is due to Ethereum's chart. Ethereum has been continuously reaching new highs without any correction during this recent uptrend. It has climbed up to resistances, forming divergences. Despite the inflows from ETFs or other factors, such relentless rises without corrections have historically resulted in significant pullbacks.
Bitcoin has shown a sideways movement, giving some period-based correction, but altcoins seem ready for a correction at this point.
I do not plan to sell the holdings purchased at the lower levels.
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AI Analysis
Considering the recent price action, Ethereum has demonstrated a rare pattern of relentless gains without any retracement. The formation of divergences at resistance levels suggests that buyers might ...
AI Recommendation
Given the current technical signals, it is prudent to maintain a cautious stance. Holding on to established positions might be beneficial, but investors should be alert for signs of reversal or correc...
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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