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Day September 7, 2023

Positive Ethereum Funding Rates Contrast with Bearish Price Action: What’s Next?

On the daily chart, Ethereum has been holding steady around the $1,650 support level after facing a decisive rejection from $1,750. Given the current market structure and price behavior, the likelihood of a deeper decline toward the $1,400 level appears greater than a potential rebound toward the $2,000 zone. The…

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