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via Cointelegraph · By Cointelegraph Staff

ETH Stuck Below $2.4K Despite Wider Crypto Market Recovery

ETH

ETH/USDT

$2,509.14

+1.31%

$2,509.14

+1.31%

(24s)

24h Volume

$7,935,693,655.49

24h H/L

$2,523.97 / $2,460.92

Change: $63.05 (2.56%)

Long/Short

56.1%

Long: 56.1%Short: 43.9%

Funding Rate

+0.0045%

Longs pay

Data provided by COINOTAG DATALive data

Ethereum

Daily

$2,489.66

▲ 0.38%

Volume (24h): -

Resistance Levels

Resistance 3$2,855.08

Resistance 2$2,564.88

Resistance 1$2,501.12

Price$2,489.66

Support 1$2,478.04

Support 2$2,402.92

Support 3$2,190.20

Pivot (PP):$2,472.79

Trend:Uptrend

RSI (14):64.5

Cointelegraph Staff

(12:03 AM UTC)

1 min read

Verified bySarah Chen

0 comments

Key takeaways:

A sharp fifty percent drop in exchange activity and decentralized application revenue is stalling Ether price growth.
Institutional investor interest in Ether remains under pressure as major holders like Bitmine face billions in unrealized losses.

Ether (ETH) has failed to sustain levels above $2,400 for the past three months, consistently lagging behind most of its peers.…

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Source

Cointelegraph Staff · Cointelegraph

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