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I observe rising Ether profit-taking as ETH nears $4.3K resistance

I’m seeing profit-taking increase as Ether inches toward $4,300, with ETH hovering near this psychological resistance. I’m noting more short-term holders realize gains as prices approach the $4.3K area, which could cap upside in the near term.

I remain cautious about fresh entries until I see decisive momentum past this level or a clear pullback to established support zones. I’m watching on-chain selling by short-term holders and price action around $4.3K for clues on the next directional move in the ETH market.

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AI Analysis

The headline observation points to increasing profit-taking as Ether approaches the $4.3K mark. When short-term holders realize gains near a psychological or technical resistance, it typically increas...

AI Recommendation

For traders, I recommend monitoring price action closely around $4.3K and watching short-term holder selling indicators. If ETH repeatedly fails to clear the level with volume and momentum, consider t...

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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