Ethereum’s price has failed to break above 4,500 USD, affected by lower highs and lows since August 14. A lack of new buyers and weakening demand reflect in declining open interest and ETF outflows.
The descending triangle pattern on Ethereum’s chart hints at a possible drop to 3,550 USD if the price breaks support levels. Market participation is diminishing, prompting analysts to observe for potential rebounds at lower price levels.
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