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$ETHUSD holding above 1900, but feels like a distribution phase
Watching $ETHUSD linger around the 1920-1925 range today, especially after yesterday's pump, feels more like sideways distribution than true accumulation. I'm thinking the real move is still down from here after this breather. Change my mind.
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Could be. The volume today doesn't scream bullish continuation, and that pump yesterday felt a bit manufactured. I'm leaning towards your view until we see a clear break above 1950 with conviction.