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Ethereum Technical Analysis Report | 24th December 2024
- Ethereum closed below the 50-day SMA at $3,432, signaling a shift in favor of the bears.
- Despite this setback, Ethereum has reached the $4,000 mark twice in recent months.
- Currently, the bulls are attempting to mount a recovery, but face resistance near the 20-day EMA at $3,594.
- ETH is consolidating within the $3,200 to $3,500 range, with strong support at $3,000 and resistance at $3,500.
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