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Ethereum Price Extends Losses: Is The Downtrend Set to Continue?
- Ethereum price is struggling to recover above the $2,550 resistance.
- The price is trading below $2,520 and the 100-hourly Simple Moving Average.
- There is a short-term consolidation pattern forming with resistance at $2,500.
- The pair must stay above the $2,420 support for a fresh increase in the near term.
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