Despite the successful implementation of the Ethereum Dencun Upgrade last week, the ETH price witnessed strong selling pressure correcting over 10% as it failed to hold the $4,000 resistance. As of press time, the Ethereum (ETH) price trades at $3,574 with a market cap of $430 billion. While Bitcoin witnessed some bounceback during the last weekend, ETH continued to remain in the grip of the bears.
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