Ethereum’s Euphoria Fades: Traders Enter ‘Profit-Taking’ Mode 🤑📉
Just two weeks ago, ETH reached a new all-time high, an event that was met with a mix of jubilation and trepidation among traders. It was a moment of triumph, a local top that perhaps signaled a brief pause in its relentless rally. Since then, the price action has narrowed into a range, a phenomenon that reflects the dual forces of profit-taking and caution. Yet, the underlying fundamentals, like the unwavering faith of a devoted character, remain supportive of Ethereum’s long-term outlook.