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Ethereum bounced off the $2.6K floor and reclaimed $3K territory, yet momentum fizzled around $3.5K where the 100/200-day moving averages converge as overhead resistance. Traders are watching closely—a sustained break above $3.5K could target $4K, while a failed attempt risks sliding back toward $2.6K support. The 4-hour chart is painting a symmetrical triangle pattern, setting up an interesting inflection point.