Ethereum is trapped between 1,548 USD and 1,599 USD, reflecting market indecision as traders assess support and resistance levels.
Around the 1,461 USD mark, significant accumulation of 380,000 ETH may offer protection against declines, fostering investor confidence.
ETH has dropped 13% recently, and with current prices at 1,551 USD, breakouts could lead to retests of higher targets: 2,022 USD and 2,809 USD.
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