The Ethereum market is experiencing heightened volatility and indecision as it remains trapped within a narrow price range between the 100-day moving average at $3.2K and the $3.5K resistance zone. The breakout from this range will determine the cryptocurrency's mid-term trend, with a bullish move potentially leading to a rally towards the $4K resistance level, while a bearish move could trigger significant downside momentum towards the $3K support level. The market is currently showing bullish momentum, making a breakout above the $3.5K mark more likely in the short-to-mid term, which could lead to a sustained rally. The concentration of liquidity at the $3.2K support and $3.5K resistance levels further increases the chances of a decisive move in either direction.



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