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Ethereum Breaks Out Of Descending Triangle Pattern – Fakeout Or Recovery Rally?

  • Ethereum (ETH) is struggling to reclaim higher prices and faces bearish pressure despite recent announcements.
  • Analysts believe the next week is crucial for determining Ethereum's short-term direction.
  • Ethereum is breaking out of a descending triangle pattern, signaling a potential trend reversal.
  • For a bullish breakout, Ethereum needs to push above and close above the key resistance level of $2,300.

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