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Ethereum price headed for $4K showdown: Is this time different?
Ether is approaching a critical juncture as it nears the $4,000 resistance level, a barrier it has failed to breach three times since February 2024. This time, however, several converging factors, including strong ETF inflows, robust network activity, and favorable chart technicals, suggest a breakthrough may be imminent. “With $4,000 now within arm’s reach, the big question is: will Ethereum blast through or break down?” said popular Defipeniel analyst in a July 22 post on X. According to the analyst, reducing ETH supply on exchanges, increasing staked ETH post-Shanghai upgrade, and high ETF demand provide a ... (full story)
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