Key Takeaways
- Ethereum is currently presenting a sell signal on the daily chart.
- The bearish formation comes after ETH rallied 40%.
- A spike in profit-taking could push ETH to the $1,300 support level.
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Ethereum could be on the verge of a significant correction after gaining more than 400 points in market value over the past week. Still, on-chain data shows that ETH is sitting on a stable support level.
Ethereum Flashes Sell Signal
Ethereum appears to be trading in…
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