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ETH

Ethereum (ETHUSDT) Long Position at $2,515 with Key Resistance Near $2,700

There is a recommendation to go long on Ethereum (ETHUSDT) starting from $2,515 with a stop loss set at $2,370. On the 1-hour timeframe, ETH is currently in a consolidation phase within a narrow sideways range, following a rapid upward impulse. The price maintains a zone of consolidation, forming a horizontal resistance level with equal highs, representing the first area to watch for an breakout.
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AI Analysis

The current analysis indicates that Ethereum is in a consolidation phase on the 1-hour chart, which often precedes a significant price movement. The rapid ascent prior to the sideways movement suggest...

AI Recommendation

Traders should consider entering the long position at current levels if they see volume confirmation for an upward breakout. Alternatively, waiting for a clear move above $2,700 with increased volume ...

Disclaimer

The AI analysis and recommendations provided are for informational purposes only. Any investment decisions should be made at your own risk. Past performance is not indicative of future results. Always conduct your own research and consider consulting with a financial advisor before making any investment decisions.

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