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Ethereum broke its annual average price of approximately $2,200, and liquidity is still exiting across all timeframes. But there are two important factors: smart whales have been buying strongly over the last 24 hours, with 72% of their new trades being longs, and funding rates are at their lowest level in three months, indicating the market is saturated with shorts. I hope this is a false break and that price returns to close daily above the annual level.

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