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Ethereum price drops 15% weekly; consolidation at $3K may lead to recovery

Ethereum has faced a significant 15% drop after failing to break the crucial $4K resistance level. Currently, it stabilizes between $3K and $3.5K, suggesting potential consolidation before any bullish attempts.

A sharp decline in funding rates indicates a reset in market sentiment, supporting the potential for a rebound. Historical patterns suggest that a similar market reset in January 2024 led to a bullish rally for Ethereum.

This is community-generated content, not advice from ONUS.
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