Ethereum Leaps 5%, Crosses $3,300: Bulls Command The Market
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Ethereum price has seen a significant increase, breaking through the crucial $3,250 resistance zone and surpassing $3,300. Trading now above the 100-hourly Simple Moving Average, ETH is showing strong bullish momentum with key resistances at $3,340 and $3,350. Supports are at $3,270 and $3,220, providing a solid base for potential further gains. The bullish trend line forming on the ETH/USD hourly chart, alongside technical indicators like the MACD and RSI, suggests Ethereum could continue to rise towards the $3,500 and $3,550 levels if it clears the $3,350 resistance.
Source: www.newsbtc.com ↗
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