Ethereum’s price rally: What makes THIS level a make-or-break point

📆 6/25/2024 7:10 PM
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Ethereum’s reversal from the $3,900 resistance level over the past month has set the stage for the bears. ETH’s increasing open interest tren

Ethereum chalked out a classic descending channel pattern on the daily chart, confirming a bearish edge.Ethereum’s The altcoin’s increasing Open Interest trend during this time has further raised questions about its ability to hold the immediate support level.

On the other hand, a potential close above the current pattern can set the stage for bulls to trigger a rally. In such a case, The first significant resistance level for the buyers would be in the $3,900 region.

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