According to CoinDesk Data, ether (ETH) traded at $4,506, down 0.5% in the past 24-hour period, as of 12:24 UTC on Sept. 16, slipping slightly in the past 24 hours as traders debate whether this pullback will set up the next rally.

Fundstrat's view

Mark Newton, Global Head of Technical Strategy at Fundstrat Global Advisors, described the decline as the correction the market missed last week.

He does not expect ether to fall below its prior low of $4,233. Instead, he sees possible dips to $4,418 or $4,375 by week’s end — levels he calls buying opportunities. Newton projects ether could climb to $5,500 by mid-October, pointing to continued market strength.

CoinDesk Research's technical analysis

According to CoinDesk Research's technical analysis data model, ether lost about 3% during Se

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