The price of Ethereum (ETH) recently experienced an uptrend, breaking moving averages and reaching $2,732 before being rejected. However, the uptrend was halted as Ether fell back above the $2,500 support and returned to the key support at $2,300. Currently, Ether's price bars are above the moving average lines, but they remain below the lines, suggesting that the cryptocurrency may continue to decline. Major resistance levels for Ether are $4,000 and $4,500, while major support levels are $3,500 and $3,000. The author's personal opinion is that the recent resistance of the moving average lines may indicate a potential downturn for Bitcoin.



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