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$ETH ETH experienced a strong rejection from the upper zone and slid into a controlled pullback. After the sell-off, the price found support near the lower range and is now moving sideways, showing signs of stabilization. Such tight consolidation after a decline usually indicates that sellers are losing momentum, but buyers still need confirmation to fully take over.
Currently, this structure is neutral to slightly bullish. If the price stays above the current basis, we can expect a rebound toward the next resistance zone. However, a drop below support will open the door for further bearish continuation, so risk management is key.
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