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Ethereum Daily Chart Signals Strength As Bulls Reclaim Momentum

  • Ethereum displays strength on the daily timeframe, holding above key support and maintaining a higher-low structure.
  • Technical indicators favor bulls with RSI at 55.73 and MACD in positive territory, indicating growing upward momentum.
  • Analysts predict a potential breakout above $2,720, leading to a rally towards $3,150 and even $4,000 if a cup and handle formation on the 3-day chart confirms.
  • However, a failure to break $2,720 could result in a loss of bullish momentum, potentially sending Ethereum down to retest support near $2,100 to $2,000 zone.

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