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Ethereum Long-Term Cost Basis Holds Firm: Structural Floor Forms Near $2.8K

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TL;DR:

Ethereum is struggling to reclaim the $3,100 level as price action tightens and the market braces for a decisive move. After weeks of choppy trading, ETH remains caught between fading bullish attempts and persistent overhead resistance, leaving analysts sharply divided on what comes next.

Key Points:

  • Ethereum Long-Term Cost Basis Holds Firm: Structural Floor Forms Near $2.8K
  • Involves ETH cryptocurrency

    • 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.