Ethereum’s price stands at 2,060 USD. Traders are debating if this is an accumulation phase or a prelude to a downturn, with on-chain metrics showing low exchange reserves.
The key resistance is at 2,150 USD. Failure to break above this could confirm a bearish trend, as technical indicators display uncertainty in market direction.
While retail supply minimizes, high-net-worth entities are offloading ETH, indicating a shift in market dynamics. If Ethereum can sustain above 2,160 USD, bullish momentum might develop.
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