Ethereum (ETH), the second-largest cryptocurrency by market capitalization, has recently entered a consolidation phase above the critical support level of $3,650. This move comes after a significant price rally that saw ETH reaching a weekly high of $3,838. As Ethereum hovers above this crucial support level, market participants are keenly observing its next steps, speculating whether it will break through the $4,000 barrier or face a potential downside.·
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