Ethereum

<ul><li>Analyst advises against shorting Ethereum at current lows, expressing confidence after locking in profits and awaiting CPI data for strategic decisions.</li><li>Ethereum&#39;s $1,550 support falters amid selling pressure, halting a surge to $1,750 due to market fragility and profit-taking.</li><li>Since June, Ethereum&#39;s market valuation has contracted by 18%, while Bitcoin&#39;s loss was nearly half at $522 billion.</li></ul>In a recent development, renowned crypto trader and analyst Crypto Tony has weighed in on the Ethereum market in his recent X post, cautioning against shorting the current range lows. Expressing confidence in his strategy, Crypto Tony revealed he had already locked in profits at these levels and was awaiting the Consumer Price Index (CPI) data to determine the next strategic moves.<img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/bb329bd6b6624ed9bfc590e979d4f776.png" />The Ethereum market grapples with significant selling pressure again, even as bullish forces scramble to defend the <a href="https://cryptotale.org/crypto-exchanges-witness-a-whopping-110000-ethereum-withdrawal-in-a-day/" rel="noopener noreferrer nofollow">critical support</a> at $1,550. The excitement surrounding the approval of multiple Ether futures ETFs earlier in the week propelled ETH to $1,750. However, the fragile crypto market structure, coupled with profit-taking maneuvers by investors, curtailed the recovery, resulting in a sharp descent.Read full article at <a href="https://cryptotale.org/ethereum-faces-uphill-battle-as-bulls-brace-against-selling-pressure-at-1550/" rel="noopener noreferrer nofollow">CryptoTale.</a>

Ethereum Faces Uphill Battle as Bulls Brace Against Selling Pressure at $1,550

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