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Ethereum Faces Key Resistance at US$ 3,989 with Support at US$ 3,434

The vital resistance level for Ethereum is set at US$ 3,989, while the support level remains at US$ 3,434, which is crucial to uphold.
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AI Analysis

Analyzing Ethereum's current technical setup, the resistance at US$ 3,989 suggests a key point where selling pressure could intensify, possibly halting upward momentum if reached. Conversely, the supp...

AI Recommendation

Given the proximity to the resistance level, traders should consider waiting for confirmation of a breakout before taking new long positions. Conversely, if the price declines towards support, it migh...

Disclaimer

The AI analysis and recommendations provided are for informational purposes only. Any investment decisions should be made at your own risk. Past performance is not indicative of future results. Always conduct your own research and consider consulting with a financial advisor before making any investment decisions.

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