$ETH Ethereum Rejection or Breakout? A Key Influential Level

Ethereum is testing the resistance level at $3,000 after a strong rebound, but is struggling to break through.

The red line indicates a critical rejection area, with the supply zone around $3,020 holding firm.

If Ethereum breaks the $3,000 level and closes above it with high trading volume, it may target $3,082.81 next.

However, failing at this level could lead to a return of the price to the support level at $2,932.

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