- ETH has been very dominant in the crypto market recently because of its ETF Approval - A lot of people are missing out on the S-1 Form Approval and bought the FOMO - Institutions are going to bring back prices to the equilibrium and make sure they are accumulating things for cheap - 3100-3400$ can act as a very strong Demand/Area Of Interest that can easily bring price down and then show another impulsive move towards 5000$ - Ethereum looks bearish as of now/short term so take decisions accordingly
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