Key Takeaways
- Ethereum sits on top of stable support following an 87% rally.
- However, a particular technical indicator recently presented a sell signal.
- A spike in downward pressure could see ETH drop toward $2,500.
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Ethereum has been on a roll lately after undergoing one of the most anticipated hard forks. Although the crowd sentiment remains bullish, multiple indicators suggest that a pullback is underway.
Ethereum Shows Red Flags
The second-largest cryptocurrency…
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