📈 Ethereum Wave Analysis Update:
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Ethereum is in a wave two correction, consolidating within key levels. Critical support levels are $3,616 and $3,789, while resistance at $4,074 signals potential for an upward breakout.
Key levels:
- Support: $3,616, $3,789
- Resistance: $4,074
Bulls need stronger activity to confirm a rally. Two scenarios are possible: a bullish third wave or short-term bearish potential .