Ethereum is struggling to break through the $3,721 resistance level and recover lost ground. Some investors are optimistic and have increased their holdings, indicating confidence in a potential recovery. However, there is still uncertainty in the market, with some investors selling out of concerns about further corrections. Despite this, Ethereum has shown strength by holding above critical support levels. The current price is at $3,336, down 9% for the week. The mixed sentiment has created a range of consolidation between $3,524 and $3,327, which could provide stability and momentum for a breakout. Reclaiming $3,721 as support could lead ETH towards its recent high of $4,107 and attract more interest in the altcoin.



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