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Ether price movements have repeatedly stalled near the $2,400 level, with analysts identifying three key factors contributing to this resistance. These include a lack of sustained bullish momentum, bearish pressure from large-scale investors (whales), and macroeconomic headwinds such as rising U.S. interest rates. The pattern suggests a prolonged consolidation phase for ETH, with traders closely monitoring on-chain metrics and market sentiment. For crypto markets, this dynamic highlights the fragility of current price gains and the need for stronger fundamental drivers to break through key resistance levels. Traders should watch for volume spikes, whale activity, and potential regulatory developments in the coming weeks to gauge the next directional move.
