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Ethereum Slips Back From August High Amid Macro Pressures

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Ethereum has retreated from its recent high of $2,533.57 after meeting resistance in late August.

The rally was supported by strong institutional demand and staking activity, but higher Treasury yields and firmer US rate expectations have weighed on risk appetite.

Traders are watching the $2,451-$2,460 resistance zone and the $2,400 support level as price stabilizes around $2,434.

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