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Ether (ETH), which failed to hold above $4,000, fell to $3,670 due to increasing selling pressure. AMBCrypto stated that ETH is in a consolidation phase and could continue the rally if it remains above $4,000.
The following statements were included in the ETH analysis;
You might be interested: 'Solana (SOL) is recovering'
“ETH can first rise to $3,700, and then to $4,000. A decisive move above the trendline support can lead to the recovery of the upward trend that started in November.”
Analysis reports that if ETH loses support from the consolidation area, it could drop to $3,300 to $3,100. #HotTopicDiscussion#