$ETH O Ethereum ($ETH), the second largest cryptocurrency by market capitalization, continues to be one of the most watched assets by traders and investors.

Currently, the ETH/USDT pair shows signs of consolidation near critical support and resistance zones. Many analysts believe that if it breaks the $3,200 level, ETH could seek new highs still this semester.

In addition, the growing popularity of Ethereum futures and the increasing movement in the DeFi ecosystem reinforce the demand for the token.

Stay alert: large movements in the pair $ETH may signal trends for the crypto market as a whole!

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