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Ethereum Returns to $3,000 Levels After Briefly Falling Below $2,900
Ethereum is currently trading at $3,028, in a low-volatility consolidation phase following a significant drop from its previous highs, which has placed it in a clear overall downtrend. The price action shows indecision, with small, overlapping candles clustering just above the critical support at $2,875. All major moving averages are aligned bearishly and are flattening, consistent with the current period of sideways trading, indicating that while the strong selling pressure has paused, the dominant trend remains down. MACD reflects this indecision, with both lines near the zero point and appearing to attempt a ... (full story)
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