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Why Is Ethereum’s Price Action Stalled Below $3.5K?

  • Ethereum's price is currently stalled below $3.5K, facing resistance at crucial levels.
  • ETH is consolidating between $3.2K and $3.3K, with potential for a bullish rebound.
  • The asset has encountered a bearish momentum, risking a drop to $3,104.
  • Sustaining above $3.5K could renew bullish momentum and test resistance at $3,648.

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