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Ethereum Struggles Below $3,659 Resistance: Is Momentum Fading?

  • Ethereum is struggling to break the $3,659 resistance level, raising concerns about a potential loss of momentum.
  • Technical indicators suggest bearish momentum with the price testing the $3,360 support level and declining towards it.
  • The Relative Strength Index (RSI) has dropped below the overbought zone, indicating fading bullish sentiment.
  • If Ethereum fails to hold above $3,360, it may experience a downswing towards the $3,051 support range.

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