Ethereum’s (ETH) market share has decreased by 6% since January, currently at 11.70%. This decline indicates weakening dominance in the cryptocurrency market, and technical indicators suggest a continuation of a bearish trend.
If demand for ETH continues to decline, prices could fall to around 3,182 USD, and if that support level is breached, a potential drop to 2,944 USD may follow. A recovery ultimately hinges on breaking the significant resistance at 3,677 USD.
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