Ethereum's price has been consolidating after facing resistance near the $3.5K level. This consolidation phase may result in a pullback to the $3K region, which aligns with the 200-day moving average. If the correction holds above this support, Ethereum could resume its upward trend and target higher resistance levels. The $3.5K zone remains a challenge, but breaking it could lead to renewed bullish momentum. However, losing the $3K support could indicate temporary weakness.



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