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Ethereum (ETH) Price Update: Price Action Suggests Bearish Momentum Below $3,650
- Ethereum's price has dropped below $3,550, indicating bearish momentum in the short term.
- A bearish trend line has formed with resistance at $3,650 on the hourly chart.
- Ethereum reached a low of $3,324, with significant support at $3,320.
- Technical indicators suggest continued bearish momentum, and a recovery would require breaking through multiple resistance levels.
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