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Ethereum Price Breakout Targets and Caution Against Overconfidence
The individual congratulates those who took a long position on #ETH, advising to hold for a breakout. They mention missing the opportunity to buy during a dip because it happened overnight while they were asleep. They set a short-term target for the breakout between 2698 and 2711, with a longer-term view targeting the monthly 20-day simple moving average around 2800, which aligns with the weekly order block.
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AI Analysis
The analysis indicates that Ethereum is approaching a significant breakout zone, with short-term targets set between 2698 and 2711. The longer-term outlook points towards the 2800 level, corresponding...
AI Recommendation
Given the analysis, it is advisable to monitor the key support and resistance levels closely. Traders should consider entering longs if ETH approaches the lower bound of the range (around 2580-2620) w...
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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