The article discusses the current state of Ethereum (ETH), highlighting its role in the blockchain ecosystem and its significance in decentralized finance, non-fungible tokens, and dApps. It also provides key information about ETH's price, trading volume, market capitalization, and market dominance. The current market sentiment is described as bearish, with the Fear & Greed Index indicating greed. The article examines ETH's price chart, support and resistance levels, RSI insights, and trend momentum to analyze its short to medium-term trajectory. The analysis identifies key support at $3,200 and resistance at $4,000 and emphasizes the importance of monitoring ETH's interaction with these levels and broader market trends. The article suggests that ETH's medium-term outlook depends on breaking resistance or maintaining critical supports and advises staying updated on macroeconomic factors and Ethereum ecosystem developments.



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