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Ethereum (ETH) Price is Nearing the Market Bottom


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The price of Ethereum experienced a significant pullback last week, dropping more than 2%.

This downtrend has brought Ethereum close to a critical market bottom and brought up possible buying opportunities.

Analysts and metrics suggest that a major price move is on the horizon and a serious rally could be underway.

Examining the 12-hour chart of Ethereum, the MACD showed a bearish bias towards sellers, while the Relative Strength Index (RSI) remained below neutral, indicating an ongoing bearish trend. Interestingly, Chaikin Money Flow (CMF) has been on the rise recently, indicating improving conditions.

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