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Ethereum Price Analysis: ETH at a Critical Crossroad – Where to Next?

  • Ethereum is facing a crucial resistance region, including the 200-day moving average and the descending wedge’s lower boundary.
  • A rejection from this region could lead to a decline toward the $2.5K threshold.
  • ETH is experiencing low-volatility consolidation below a crucial resistance zone in the short term.
  • The futures market shows a decline in funding rates, indicating reduced activity and potential further declines in the market.

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