Ethereum’s shift toward a modular architecture influences short-term price action, shifting gains to Layer 2 tokens. However, this strategy positions Ethereum for long-term dominance.

Ethereum has encountered a significant resistance level at $3,386, prompting a temporary correction. This pivotal region, marked by substantial supply, has led to a 6.59% price decline in the past 24 hours, bringing ETH to $3,161. Despite this short-term setback, Ethereum has seen a 21.22% increase over the past week. 

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