Ethereum MACD Crossover Mirrors 217% Rally Setup With $8,500 Target as Spot Absorbs Futures Pressure

TLDR: MACD bullish crossover on three-day chart near $2,900 mirrors setup that preceded 217% rally Technical targets established at $4,811 for initial resistance and $8,557 as extended objective Net Taker Volume shows persistent futures selling pressure since mid-2023 despite price stability Spot market absorption neutralizes derivative aggression, preventing sustained bearish trend formation Ethereum has registered [...]

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