CryptoBearishBlockonomi · 3h ago7/10
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Ethereum Dip Warning: On-Chain Data and Technical Signals Point to More Downside Ahead
Ethereum's Exchange Supply Ratio has reached historically low levels, but the price has not yet formed a corresponding bottom, suggesting a divergence that typically resolves through further downside. Technical analysis indicates ETH has broken below its 1-Day Bull Market Support Band, a historically significant reversal level, pointing to potential additional losses ahead.
$ETH