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The price is trading below the resistance level, forming a descending structure with multiple rejection points. A strong support zone has been identified near $3,095. Potential short setup with SL above $3,589 and TP1 at $3,343, TP2 at the support area. Watch for a bearish breakout confirmation,
Note: This analysis is for educational purposes and not trading advice. Consider market conditions and strategies.
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Ethereum
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