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Ethereum Exchange Inflows Surge After 10% Correction

The Ethereum exchange inflows surge after the recent 10% correction in the daily charts with the top cryptocurrencies suffering for the past week with fear and uncertainty seemingly driving the market participants as we can see in our latest Ethereum news. At the time of writing, ETH trades at $2720 painting red across the charts and the cryptocurrency was rejected as it touched the $2800 area. During the trading session yesterday the rejection was followed by a drop in BTC and ETH. The cryptocurrency sits at the critical support with the potential for more downside if the bulls cannot contain…

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ETH On-Chain Data Shows the Worst Is Yet To Come After 10% Correction

The ETH on-chain data shows that the worst is yet to come for the altcoin after the 10% correction as the asset was not performing well over the past week. After hitting 440% the previous week, the price of the leading cryptocurrency slipped by 10% as we reported in the ETH price news. During the worst part of the rally, the cryptocurrency tapped $380 but ETH now trades above $404 as the buyers have stepped in the legacy markets. Despite the ongoing reclamation from the pivotal $400 technical level, the ETH on-chain data and exchange indicator suggesting that the bigger…

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Correction Indicators Show Ethereum Could Suffer A 70% Drop

Correction indicators are showing that Ethereum was among the best-performing mainstream assets to invest in but now it could suffer between 50 and 70% drop as we are about to read in the Ethereum news. Ethereum has been outperforming most of the crypto market and those who invested doubled their money by putting it into the smart-contract focused altcoin. However, now it could be the time to pay attention as the correction indicators show that the asset could suffer a 50-70% drop. The Bollinger Bands are a technical analysis tool that is used to find support, gauge volatility and resistance,…

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ETH Overbought Territory Pushes the Coin Into Correction Phase

The ETH overbought territory pushed the coin into a correction phase above $300 as the coin surged more than 40% over the past week and hit a new yearly high of $335 so let’s see the analysis in the upcoming Ethereum news. The data shows that some of the ETH holders are taking advantage of the recent bullish momentum as the mounting selling pressure could start a huge decline that pushes ETH to $273. The ETH overbought territory is in line with the on-chain metrics that look weak despite the recent bullish price action and if this trend continues, ETH…

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