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Ethereum Lags Behind Bitcoin as Key Resistance Holds, Says MakroVision

  • Ethereum has been struggling to reclaim the key $2,130 level, hindering its bullish momentum according to MakroVision.
  • The cryptocurrency is trading below a downtrend line, indicating prevailing bearish sentiment in the market.
  • MakroVision highlights $1,730 as a short-term support but warns of downside risks if ETH fails to gain new upward momentum.
  • A breakout above $2,130 is seen as essential for Ethereum to shift sentiment and signal a potential trend reversal.

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