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21 September, 2024

Ethereum (ETH) Price Rally Stumbles: Is a Correction Imminent?

21 September, 2024

Ethereum’s recent surge has been impressive, but could be facing a correction. With selling pressure rising and technical indicators turning bearish, the current rally may be unsustainable. The Price DAA Divergence, a critical indicator, is signaling a sell signal, the first in three weeks.

If the bullish momentum falters, ETH could see a pullback towards $2,344. Traders should closely monitor this trend and consider adjusting their positions accordingly.