Ethereum’s value bounced from 2,600 USD to about 2,944 USD, indicating potential bullish strength. Key price zones are set at 3,400-3,600 USD for resistance and 2,600 USD for support. However, continued selling pressure may lead to further declines.
Bitmine Immersion has accumulated 3.63 million ETH, representing 3% of total supply, which could enhance market positivity. Despite bearish signs from the rounding top pattern, a bullish reversal remains feasible if ETH moves past 3,400 USD.
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