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- ETH resistance level at $3,920 could be critical for a milestone breakout.
- The king altcoin whale activity and high inflows signal bullish momentum.
Ethereum [ETH] is consolidating within a flag pattern, hinting a potential significant move. The altcoin is currently testing the critical resistance level at $3,920.
Notably, this resistance has rejected ETH five times in the past, which heightens anticipation about the next direction.
ETH is testing the $3,920 resistance level
On weekly charts, Ethereum’s current price action is a battle at the $3,920 level. The resistance level sits at the midpoint of its flag pattern.
Historically, this level has acted as a formidable barrier, causing five straight rejections. However, the flag’s structure indicates the potential for Eth...
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