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Ethereum struggles with selling pressure despite recent gains in price

Ethereum’s recent performance shows resilience: Currently trading at 4,018 USD, Ethereum’s price has increased by 1.44%, aided by a 40% rise in trading volume. Over the past month, ETH gained 29% and is up 67.30% year-to-date, yet selling pressure is rising.

Open Interest trend indicates market concerns: Open Interest for Ethereum peaked at 14.50 billion USD, now at 13.94 billion USD, reflecting waning liquidity. With rising exchange inflows and whale activity showing market manipulation, Ethereum struggles to surpass the 4,500 USD resistance level.

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