The second-largest cryptocurrency, Ethereum (ETH), has been trading within a range of $3,000 and $3,500 with little price movement recently. Traders are unsure about whether Ethereum will hold or experience a sharp decline. Although Ethereum's price is currently around $3,300, it has dipped slightly by -0.26% in the past 24 hours, suggesting a lack of momentum. Technical indicators hint at a potential bearish scenario, with potential support levels at $2,800 and $2,400. To reclaim $3,500 and move higher, Ethereum needs strong bullish momentum. Traders should be prepared for potential downside risks if Bitcoin and the broader crypto market struggle.



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