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Collapsed Ethereum treasury demand and stiff overhead resistance between $3,100 and $3,200 stood in the way of Ether’s recovery to $4,000.
Ether’s (ETH) price traded at $3,077, up 17% above its local lows of $2,620 reached on Nov. 21. However, reduced treasury buying and overhead resistance delayed sustained recovery toward $4,000.
Key takeaways:
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Ether treasury demand has collapsed 80%, raising concerns about their sustainability.