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Ethereum price nears breakout point as $1,600 resistance comes into focus

Ethereum price has approached a decisive technical level as traders weigh mounting institutional accumulation against continued ETF-driven selling pressure. Summary Ethereum price remains stuck below $1,600 as ETF outflows and weak market sentiment cap upside momentum. Technical indicators show $1,600-$1,750 as the key resistance zone, while $1,500 remains critical support. SharpLink’s $62.4 million ETH purchase…

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