Ethereum Faces $3,500 Hurdle: What’s Next for the Altcoin Giant?
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Ethereum is experiencing resistance around the $3,500 mark despite holding gains above $3,400. The price is consolidating and showing a bullish trend above the 100-hourly Simple Moving Average. To continue higher, Ethereum needs to surpass the $3,500, $3,520, and $3,550 resistance levels. There's significant support at $3,350, with potential dips possibly finding support at $3,250 or lower. Technical indicators suggest the MACD is losing momentum, while RSI remains above 50, indicating a possible bullish zone.
Source: www.newsbtc.com ↗
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