Bearish Signal Emerges For Ethereum As US Spot Demand Fades

TL;DR:

Ethereum has once again failed to hold above a critical resistance zone, retracing from the $3,300 level back toward the $3,100 area. The pullback highlights the market’s ongoing struggle to establish a sustainable recovery, as bullish momentum continues to fade near key technical thresholds.

Key Points:

Background:

Cryptocurrency markets continue to evolve with new developments affecting the broader digital asset ecosystem.

Why It Matters:

This development could influence ETH price action and market sentiment in the near term.