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HomeCrypto NewsEthereum price loses $3K again as onchain data sends mixed signals

Ethereum price loses $3K again as onchain data sends mixed signals

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“`json
{
“title”: “Ether Retreats Below $3,000 Amid Conflicting On-Chain Indicators”,
“content”: “Ethereum’s native token, Ether, has once again fallen below the psychologically significant $3,000 threshold, as market participants grapple with contradictory signals from blockchain data. The asset found reliable support near the $2,800 level, bolstered by renewed inflows into spot exchange-traded funds and technical indicators suggesting the asset may be undervalued. However, the rally lost momentum as it approached the $3,000 resistance zone.\n\nAnalysts point to a confluence of factors halting the recovery. On-chain metrics present a mixed picture, with some signaling accumulation while others reflect continued selling pressure from certain wallet cohorts. Furthermore, broader macroeconomic uncertainty, including concerns over potential monetary policy shifts from major central banks like the Bank of Japan, has injected caution into the digital asset market. This environment has prevented buyers from sustaining a decisive push above the key $3,000 level, leading to the current consolidation phase. The market now watches for a clearer directional catalyst to emerge from either fundamental on-chain activity or external financial developments.”,
“tags”: [“Ethereum Price”, “ETH Analysis”, “On-Chain Data”, “Cryptocurrency Market”, “ETF Inflows”]
}
“`

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