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Ethereum Technical Analysis Report | 25th February 2025
- Ether's price declined by 5% despite Bybit's purchase of $740 million worth of ETH from the open market.
- Ether futures open interest fell from 8.82 million ETH to 8.52 million ETH, indicating traders closing leveraged positions.
- ETH was trading at $2,497 at the time of writing.
- After a relief rally, ETH broke down from the range and has support at $2,350 and $2,150, with resistance at $2,800-$3,000.
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