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Ethereum (ETH) is facing a pivotal moment as it struggles to hold key resistance levels amid heightened market volatility. Geopolitical tensions and macroeconomic uncertainty are weighing on risk assets, leaving traders divided on ETH’s next move. Analysts highlight indecisive price action, with a potential breakout or breakdown looming.
- Ethereum failed to hold above $2,800, slipping back into its May trading range, with key resistance at $2,770.
- Analysts identify a 'pre-tower top' pattern on weekly charts, indicating potential heightened volatility or a trend reversal.
- Macro risks, including geopolitical tensions and rising Treasury yields, are pressuring ETH and broader risk assets.
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