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Ethereum Stuck Under Resistance, Recovery Seemingly Slim
The Ethereum price has been stuck in a tight range between $3,416 and $3,570, with resistance from the market’s pessimistic sentiment. To start a recovery, bulls would need to break through these levels first.
However, given the declining volume and deteriorating RSI, which is centered around 37, the probability of a quick recovery seems slim.
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Source: u.today
