Ethereum has entered a cool-down phase, yet the market has failed to deliver the typical response associated with this zone—a rally.
Ethereum bulls fight ‘conviction crisis' – THESE 3 indicators suggest more drawdown
AI IMPORTANCE: 3/10
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AI INSIGHT
Ethereum enters cool-down phase; ETH fails to rally after entering cool-down zone today. Three indicators register bearish readings: (1) daily Relative Strength Index below 50; (2) 20-day moving average below 50-day moving average; (3) perpetual futures funding rates on major exchanges (Binance, Bybit, OKX) turned negative over the past 48 hours.
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