Ethereum Overbought, ETH Bound for a Correction | Crypto Briefing

Key Takeaways

  • Ethereum surged by more than 40% over the past week to hit a new yearly high of $335
  • Data reveals that some ETH holders are taking advantage of the recent bullish momentum to realize profits
  • The mounting selling pressure could lead to a steep decline that pushes Ether to $273

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