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Ethereum Price Analysis: Is ETH Ready for a Decisive Break Above $2K?

  • Ethereum price has been in a downtrend, breaking below the 200-day moving average and key support zones.
  • The recent relief rally above $2,000 was followed by a rejection at $2,100 and fading bullish momentum.
  • Ethereum's open interest has sharply declined, indicating mass liquidation and reduced speculative positioning.
  • Unless a clear base forms and open interest begins to rebuild, further bearishness may persist.

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