📈 Ethereum is at a critical price point, signaling a new market phase. The momentum has slowed down, leading to consolidation. Despite this, institutional demand for ETH remains strong. Macro forces like US labor data and Federal Reserve policies impact short-term Ethereum trends. Large withdrawals from Kraken suggest institutional confidence. Ethereum’s resilience and dominance in smart contracts attract renewed market confidence and capital rotation. Ethereum’s current price is stable around $4,436, showing signs of strength and potential for upward movement.
📉 Ethereum’s key levels are closely monitored, with $4,416 as the next resistance level. Holding above $4,400 could lead to further gains, while dropping below $4,300 may invite selling pressure. The current consolidation phase may precede a potential recovery, contingent on breaching key resistance levels. This market analysis is supported by Lookonchain data and insights from tradingView graphics.
https://altcoin.observer/78-229-ethereum-leaves-kraken-like-4-new-bouger-eth-wallets-institutional-accumulation/
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