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Ethereum Price Analysis: Support and Resistance Levels to Watch

The outlook for ETH suggests a possibility of climbing towards $3,000 if the current resistance is broken. Conversely, if ETH drops below the critical support level of $2,480, a decline could be triggered, potentially retesting the 100-day SMA around $2,065.
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AI Analysis

The current technical analysis highlights ETH’s critical levels of support and resistance. The possibility of a move toward $3,000 hinges on the ability of ETH to break through recent resistance level...

AI Recommendation

Traders should consider monitoring the resistance levels closely. A breakout above the resistance could signal a strong buy opportunity targeting the $3,000 mark, provided momentum sustains. Conversel...

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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