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Ethereum Price Analysis: ETH Recovers to $2.3K, but Bears Still Eye $2K

Ethereum is struggling to maintain its price above $2.3K, with recent recoveries failing to reverse the broader downtrend. Key support is identified in the $2.17K–$2.22K region, with a potential breakdown exposing the psychological $2K level and broader demand zone around $1.82K–$1.98K. Liquidation concentrations below the current price, particularly around $2.15K–$2.20K and $2K–$2.05K, could amplify downside volatility if Ethereum fails to hold its recent lows.

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