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Weekly forecast: Ethereum struggles to break $2,100

From tradersunion.com

During the week, Ethereum rose above $2,100 several times but failed to hold that level. After these attempts, the market returned to the $1,950–$2,000 zone. The current movement resembles consolidation following February’s sharp swings. Buyers and sellers have not yet been able to establish a clear trend. The coming week may determine whether this area becomes the starting point for a new move. Recent trading shows that the $2,100 level remains a key resistance for Ethereum. Each attempt to hold above that level has quickly met selling pressure. This suggests that large market participants are still taking profits ... (full story)

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  • Category: Fundamental Analysis