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ETH is in oversold correction, with a rebound after testing near 1503.
Currently in the technical correction stage, not yet at a reversal point.
First look at resistance around 1585-1600, and wait to see if it stabilizes before watching around 1620.
If 1550 cannot hold, the big players are likely to return to test liquidity near 1500.
This is not a bull turnaround, more like a breather in a bearish trend. #ETH