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Ethereum’s Price Dynamics
Zone at $2,644 provided a foundation for buyers, demonstrating strong interest. However, Ethereum recently encountered resistance near $2,700, where selling pressure increased, preventing further gains. A decisive break above this level could trigger a move toward the next resistance at around $2,750.
The 24-hour trading volume is at $23.98 billion, up 9.5%. This increase signals heightened trading activity, which could either facilitate a breakout above the $2,700 resistance or lead to a pullback if buying momentum wanes.
Additionally, Ethereum’s market cap is $322.53 billion, showing continued stability in this range. However, significant catalysts are needed to drive further growth. 2 replies
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