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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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