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Ethereum has retraced from the $3,240 degree and is now testing the $3,150 zone as assist, a key space that merchants are carefully watching. Bulls try to defend this degree after a modest rebound, however uncertainty stays excessive because the market tries to ascertain course following weeks of volatility and aggressive promoting strain. Whereas some analysts view this consolidation because the early levels of a restoration, others warn that ETH should be weak to deeper pullbacks if momentum fails to strengthen.
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