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Are Ethereum traders on edge? Yes, but look out for THIS key level!
Ethereum [ETH] is at a critical point in its trading cycle. The altcoin has been stuck between two significant supply zones of $1,540 and $1,630. This tight compression suggests that any decisive breakout will define the next phase of ETH’s trend trajectory.
An on-chain analysis revealed that over 7.9 million ETH held by addresses were purchased within this price range, setting the stage for a high-stakes battle between bulls and bears. The past 24 hours saw minimal volatility in the market, with ETH only losing 0.37% in value.
Source: https://ambcrypto.com/are-ethereum-traders-on-edge-yes-but-look-out-for-this-key-level
