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Ethereum Breaks Higher With Conviction: No Signs Of A Breakdown Yet

  • Ethereum is maintaining upward momentum supported by solid volume and positive news environment, with Bankr predicting the trend to remain intact if $2,510 support holds.
  • Over the past 72 hours, Ethereum has seen a slight rise in price, starting at around $2,535, spiking to $2,598, and currently holding near $2,571, with higher lows observed at key levels.
  • Key indicators like moving averages and RSI suggest a mildly positive bias for Ethereum, with identified support levels at $2,550, $2,510, and $2,480, and resistance levels at $2,590-$2,600 and $2,625.
  • Despite potential macroeconomic headwinds, Ethereum remains resilient, driven by positive news catalysts like upcoming US 'Crypto Week,' institutional accumulation, and responsible supply management, with trading strategies recommended by Bankr for both accumulation and breakout scenarios.

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