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Ethereum Bulls Set Sights on $2,850: Is a Surge Imminent? Newsbtc 21 окт 2024

Ethereum Bulls Set Sights on $2,850: Is a Surge Imminent? 📈

Ethereum price is advancing beyond the $2,650 resistance and could rise toward $2,850 if it surpasses the $2,750 resistance zone. ETH has maintained a positive trajectory above the $2,580 and $2,620 levels, and is currently trading above $2,650 and the 100-hourly Simple Moving Average.

A bullish trend line with support near $2,680 is forming on the ETH/USD hourly chart. To continue its upward movement, Ethereum needs to break past $2,750 and $2,780 resistance levels.

After stabilizing above $2,600, ETH extended gains over $2,650, reaching $2,765 before consolidating. Any failure to clear $2,750 could lead to a decline, with initial downside support near $2,720 and major support at $2,680.

If Ethereum successfully breaches the $2,765 resistance, it could aim for $2,840 and even $2,880. The next significant hurdles are predicted at $2,920 or $2,950.

The technical indicators suggest bullish momentum with the hourly MACD and RSI both in favorable zones for ETH/USD.

Источник: www.newsbtc.com ↗

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