Ethereum Price Poised to Climb Higher: What’s Next for ETH?
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Ethereum price began recovering above the $2,350 and $2,420 levels. It's currently trading below $2,640 and the 100-hour Simple Moving Average. A bullish trend line is forming with support at $2,440, but the price faces resistance near $2,540 and $2,680.
Ethereum could rise further if it surpasses $2,680, potentially targeting $2,860 and even $3,000 in the near term. However, failure to clear $2,540 might result in another decline to key support at $2,365, $2,250, or even $2,120.
Technical indicators show the Hourly MACD gaining bullish momentum, and the RSI is above the 50 zone. Major support stands at $2,365 and major resistance at $2,540.
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