3 reasons why Ethereum price keeps rejecting at the $1,300 level
Traders are not sure if ETH will be able to hold the $1,200 level while the S&P 500 rapidly approaches the crucial 3,900 support and ETH derivatives data hints at more downside.
Below is an instruction that describes a task. Write a response that appropriately completes the request.

### Instruction: 3 reasons why Ethereum price keeps rejecting at the $1,300 level

### Response: Traders are not sure if ETH will be able to hold the $1,200 level while the S&P 500 rapidly approaches the crucial 3,900 support and ETH derivatives data hints at more downside.