TechFlow news, August 29 — Analyst Lennaert Snyder stated on social media that Ethereum's price is currently in a downward compression breakout phase, expecting a pullback. He pointed out that $4,270 is the next key support level, suggesting considering long positions after confirmation at this level. If the $4,270 support is broken, it may trigger further downside. Additionally, there is significant liquidity around $3,950, where long opportunities could be considered upon reversal signals.
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