Ethereum (ETH) Price: Technical Analysis Points to Potential Drop to $3,550 Level

TLDR ETH price has formed lower highs and lows since reaching ATH of $4,950 on August 14 Declining spot buying and ETH ETF outflows signal weakening demand Ethereum futures open interest dropped 18% from ATH of $70 billion on August 23 Network fees and revenue decreased despite price rally, partly due to Dencun upgrade Ethereum [...]

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