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Ethereum Trends Down After Numerous Rejections

Ethereum experienced numerous rejections near the lower end of the resistance zone around $2,683. After so many rejections Ethereum is now starting to trend down. This is very disappointing considering that Ethereum never really had a post-ETF rally. In the short term Ethereum needs to hold above $2,520 to avoid dropping lower. If Ethereum continues to trend down I have $2,124 as the next key support level to monitor.

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