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Ethereum (ETH) has been struggling around the $2,000 level, unable to regain higher ground as bulls fail to reclaim key resistance zones. Despite positive developments, such as Thursday’s U.S. Strategic Bitcoin Reserve executive order signed by President Trump, market sentiment remains bearish. Investors continue to approach the market with caution as uncertainty and selling pressure persist.
This week is expected to be crucial for Ethereum, with analysts watching whether prices can stabilize at critical demand levels or if further downside is ahead. With ETH stuck in a range, traders are waiting for confirmation of a breakout before making directional bets.
Interestingly, IntoTheBlock insights reveal that $1.8 billion worth of ETH left exchanges last week. Such large withdrawals often signal accumulation by long-term holders, which could indicate growing confidence in Ethereum despite short-term weakness.
With Ethereum hovering near key levels, the next few days will determine whether bulls can regain strength or if further selling pressure will push ETH below support zones, increasing the risk of an extended downtrend.
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