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The recent price trajectory has not been kind to Ethereum, as the 100-day exponential moving average , currently near the $3,050 level, is being tested. This average has often provided some buoyancy, but its strength as a support level is not ironclad. Should Ethereum fail to maintain this level, a drop below $3,000 seems increasingly plausible.However, it is worth considering the potential for a reversal.
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