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It hasn't yet clicked for me as to how to put anything to use, but I consider it my current rabbit hole I can't yet dig out of. It appears that ETH has been forming a bullish technical formation throughout the past several weeks, which could bolster its mid-term outlook. Play Now! The next uptrend could also be perpetuated by the growing amount of Ethereum that is locked within DeFi protocols. This could alleviate the selling pressure placed on the asset.
This is around the level at which the crypto has been trading throughout the past several days. Could you be next big winner? Sellers have tried to force the token below its near-term support, but the buying pressure established here has proven to be quite significant. Where it trends next may largely depend on whether or not buyers can start pushing it back up towards the upper end of its range.
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