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Ethereum consolidates sideways, with key support and resistance levels becoming the focus
【Crypto World】Ethereum has recently entered a consolidation phase. The three key levels at $2618, $2252, and $1818 have become strong fortresses, holding quite steadily. But things are not so reassuring above — the range from $3348 to $4619 faces pressure.
The market has not yet decided which way to go. Some analysts suggest that a clear direction may depend on how Ethereum performs at these critical levels before 2026. The price is currently stuck around $2940, in a range-bound oscillation. Volatile swings? Probably not in the short term; we’ll have to wait until the New Year’s bell rings to see the outcome.
Waiting for the New Year? Bro, what’s the point of a rise during the New Year?
I'm really annoyed by the 2940 level here. Please make a decision quickly.
If the three support lines hold, I won't sell. It's that simple.
The resistance level is so high, probably won't break through until 2024.
Honestly, ETH's recent consolidation is a bit greasy. Come on, give us a big move already.
Consolidation is the most annoying. Instead of stressing over support and resistance, might as well go all in.
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2940 has taken so long, feels like it will either break through or rebound, don't keep messing around with this middle-road approach.
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Broke the defense, it's another chart guessing game, like fortune-telling.
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Let's see next month, it's too early to say anything now.
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Support is holding so stubbornly, breaking through won't be easy, I bet it will pull back.
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Range-bound consolidation is so boring, when will there be some excitement.
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Deciding before 2026? Bro, what are you waiting for, you can't wait that long for buying and selling.
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3348 is the real test, anything below that is just false.
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Feels like the market is still hesitating, this kind of pattern is most easily smashed.
Waiting for the New Year? Then I have to keep staring at the 2940 level in a daze.
Actually, there's no direction, and no one dares to dump the market.