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Ethereum Approaches Decisive Level – Trading Around 200 DMA Resistance

  • Ethereum has surged above $2,600 and is holding above key support levels as bulls aim to reclaim momentum.
  • Traders are closely watching for Ethereum to decisively push above the next resistance zone to confirm the breakout attempt.
  • Analysts note that Ethereum is facing resistance at the $2,800 level, which is crucial for a breakout into a full bullish phase.
  • Ethereum is currently trading at $2,688 and has reached a key resistance zone between $2,690 and $2,735, with a potential breakout on the horizon if bulls maintain momentum.

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