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Ethereum Consolidates As Accumulation Trend Develops – New Bullish Phase Ahead?

  • Ethereum struggles to break above $1,874 resistance level, remaining range-bound as broader crypto market gains momentum.
  • Top investor suggests Ethereum is in accumulation phase, awaiting breakout confirmation above current levels for bullish momentum.
  • ETH/BTC chart reveals an accumulation structure forming with a tight range below critical resistance, signaling potential for Ethereum to outperform Bitcoin.
  • Ethereum consolidates around $1,800 mark, showing signs of stabilization but still below key moving averages, with a need to clear $2,000 for trend reversal.

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