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Ethereum Struggles to Break $4,000—What’s Really Holding It Back?
Ethereum (ETH) has been struggling with the $4,000 price level for months now. Since March 2024, it’s been rejected at this point three times. Right now, it’s sitting at $3,475, and while that’s a slight improvement, ETH has still dropped 24% over the past few days—from $4,087 to $3,097. Even with a small bounce back, things aren’t looking great overall. So, why is Ethereum struggling so much lately?