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Ethereum Holds Strong For Over A Year: Monthly Close Below This Level Could Be Catastrophic

  • Ethereum has struggled to gain momentum, remaining stuck below critical resistance for over a year.
  • Recent analysis suggests that Ethereum has been unable to break above key technical levels, indicating potential price drops.
  • The inability to break resistance and repeated rejection from dynamic resistance pose significant challenges for Ethereum's price recovery.
  • A monthly close below $2,100 is considered catastrophic and would result in breaking a long-standing support level.

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