3 min readETHEREUM (ETH/USD):
Ethereum, like many other altcoins, appears to be caught in the “holiday season” consolidation phase, with its current price hovering just below $3,400.
A closer examination of the technical indicators reveals a strong internal resistance near the key psychological level of $4,000, which continues to act as a significant barrier for price movement. If the price continues to decline, it will be interesting to observe how it reacts to the internal support zone around $2,400.
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