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Is Ethereum’s $2K range a ‘bear trap’ as ETH staking hits record levels?

Is Ethereum’s $2K range a ‘bear trap’ as ETH staking hits record levels?

The market is entering a phase that calls for “strategic” accumulation.

From a technical perspective, crypto has now been navigating the West Asian conflict for two weeks. So far, it has shrugged off significant downside, with most large-cap assets chopping within tight ranges, ranges that, historically, have acted as key psychological support.

Looking at the bigger picture, however, most high-cap assets have been range-bound for over four weeks. This means that, despite the war-driven volatility, these assets are holding close to their pre-conflict consolidation levels. In this context, Ethereum’s [ETH] $2k level acts as a strong psychological support.

ETHETH
Source: TradingView (ETH/USDT)

Historically, setups like this tend to spark…

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