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Ethereum at Make-or-Break Point Against Bitcoin, Analyst Warns 

  • The ETH/BTC pair shows signs of building upward momentum with higher lows, but a critical support trendline must be maintained for a bullish trend.
  • A key risk is highlighted by an analyst: if the upward trend breaks, ideal accumulation zone is between 0.022 and 0.023 BTC, near previous support levels.
  • Ethereum could advance towards 0.03 BTC if current strength continues without a deeper retest.
  • The attached chart displays Ethereum consolidating above the 0.02337 support level and approaching a key diagonal trendline.
  • Previous similar setups have led to sharp upward moves when momentum aligns, although sentiment remains cautious.
  • The next major move for Ethereum may hinge on the defense of the trendline by bulls or buying near the entry zone.
  • Van de Poppe's analysis was featured in the post 'Ethereum at Make-or-Break Point Against Bitcoin, Analyst Warns' on Coindoo.

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