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Ethereum Struggles to Break Out Amid Bitcoin’s Strength — Key Levels in Focus

  • Ethereum is facing challenges in breaking out due to Bitcoin's strength and recent all-time high.
  • The ETH/BTC ratio has cooled off, indicating a short-term market rotation favoring Bitcoin.
  • Critical levels to watch for Ethereum are above $2,850 for uptrend confirmation and below $2,100 for bearish reversal.
  • Traders are waiting for strong bullish follow-through in Ethereum to indicate renewed investor confidence.

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