Ethereum is facing difficulty breaking through the 4,800 USD resistance level, resulting in a recent correction of 3%. Current market conditions are showing mixed signals with heightened selling pressure alongside active leveraged traders.
A recovery above 4,400 USD could signal a bullish reestablishment, but failure to maintain this support may lead to a drop to 4,250 USD or 4,100 USD, both crucial for potential trend reversals.
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