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Ethereum Consolidates Since ‘The Big Dump’ – Local Trend Reversal Or Continuation?

  • Ethereum (ETH) trades in a tight range, below $1,900 and above $1,750, after heavy selling pressure.
  • Macro uncertainty and trade war fears dominate sentiment, posing challenges for Ethereum's recovery.
  • However, technical indicators suggest a potential local trend reversal if Ethereum breaks out of its consolidation range.
  • Bulls struggle around $1,900 as macroeconomic volatility continues to weigh on the cryptocurrency market.

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