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Everyone is chasing the pumps while $PAXG is quietly making a massive move behind the scenes.
We just saw a huge wick up to 5,297 and the price is currently consolidating around 5,249. This looks like a classic "buy the dip" scenario before the next leg up because it’s holding that new support level remarkably well.
The 24h volume for USDT is sitting at nearly 78M which shows there is serious money flowing into this right now. If we can stay above the 5,230 zone then I’m expecting another attempt at 5,300 very soon.
It’s rare to see gold-backed assets move with this much volatility so I’m keeping my eyes glued to the 1-hour candle close. A break below 5,200 would kill the momentum but for now the bulls are in full control.
#ETHMarketAnalysis