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$ETH Returns to Base After False Breakout

For a month, the price of $ETH has remained in the $2,357–$2,566 base. On September 21, it broke out above, held for two weeks, but returned to the base in a single candle. Buyers from the top are now in the red and waiting for a reason to exit. The floor is still 6% away, and it may hold for a fourth time. The author is waiting for the daily candle to close below $2,350 before opening a short position.

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