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Opinion: Ethereum may consolidate in the $4,000-5,000 range for about a quarter, and then start the next uptrend

By: theblockbeats.news|2025/08/29 08:02:21

BlockBeats News, August 29th, Cryptocurrency analyst @IamCryptoWolf published a market view on the 26th stating that ETH broke through the multi-year resistance level of $4000 after rising by 250%. Subsequently, it may consolidate in the $4000-5000 range for nearly a quarter, and then start the next round of upward movement.

@IamCryptoWolf published his analytical views on the TradingView platform in 2014 and has 111k followers on the X platform.

Within the last hour, a total of $64.56 million has been liquidated across the entire network, with long positions being the primary liquidation type.

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