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Ethereum Price Poised for 3500 USD Following Resistance Breakthrough
The recent 1.8% increase in Ethereum (ETH) price, reaching $2,987, is driven by strong technical movement, influx of capital into ETF funds, and liquidation of short positions. Notable analyst Michaël van de Poppe predicts that if resistance levels are broken, Ethereum's next target could be $3,500.
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AI Analysis
The recent upward movement of Ethereum by 1.8% to nearly $3,000 reflects a positive shift driven by technical factors and increased institutional participation, notably through ETF investments. When a...
AI Recommendation
Given the current technical momentum and analyst forecasts, it would be prudent to consider a bullish stance, especially if Ethereum manages to close above the $3,000 resistance convincingly. Traders ...
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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