Ethereum Shows Resilience Above $3,000 Support
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Ethereum (ETH) faced resistance near $3,400, leading to a pullback, but underlying data suggests potential for a sustained recovery in the coming weeks. The key factor is the maintenance of a critical support level above $3,000, which has so far held firm despite market volatility. This resilience indicates underlying strength and buyer interest at these levels.
Analysts point to on-chain metrics and market structure as reasons for optimism. The ability to defend the $3,000 zone could pave the way for another attempt at higher resistance levels, provided broader market conditions remain supportive. Traders are closely monitoring this support for signs of continued bullish momentum.
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