Ethereum recently faced selling pressure at the 100-day moving average, leading to a decline towards the $2K support level. However, the price quickly rebounded and is now trading between $2.5K and $3K, forming a decisive range. Short-term consolidation is expected, but a breakout from this range could indicate the next major trend. Despite a sharp drop, Ethereum found strong support at $2K, suggesting potential stabilization. If the cryptocurrency maintains above $2K and builds momentum, a fresh bullish wave could be seen with $2.5K and $3K as key resistance levels.



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