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Day March 3, 2023

Assessing Ethereum’s Short-Term Outlook Amid Rising Bearish Pressure

On the daily chart, Ethereum has struggled to surpass the $1800 resistance zone. The price recently hit the upper boundary of a significant symmetrical triangle pattern, but bearish rejection has led to a breakdown of the 50-day moving average, which is currently positioned near $1600. The 200-day moving average, located…

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