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Ethereum is struggling to cope with the key resistance level of $3,659, as momentum appears to be waning. After a period of steady gains, the cryptocurrency has entered a consolidation phase, with bulls struggling to push it higher. This pause has raised questions: Is Ethereum's upward momentum losing steam, or is it just preparing for the next big move?
This article aims to analyze ETH's current consolidation below the $3,659 resistance level, focusing on its impact on market pressure. It will also determine whether ETH can regain upward momentum through technical indicators, support zones, and potential breakout scenarios, or whether weakening strength will lead to further declines.