Ethereum Loses Out On $116 Million, But Price Remains Steady Above $3,000

TL;DR:

Ethereum price has struggled to gain traction despite multiple attempts to break out of a tightening triangle pattern. ETH remains range-bound after failing to convert recent momentum into a sustained breakout.

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.