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Ethereum Eyes Breakout Above $2,600, Technicals Look Strong

  • Ethereum showed signs of recovery after bouncing back from $2,500 support, following a similar trend with Bitcoin.
  • ETH price climbed above $2,650 but faced selling pressure near $2,600, causing a temporary retreat.
  • Ethereum broke above key resistance levels at $2,600 and $2,750, but encountered resistance around $2,600, leading to a slight pullback.
  • Technical indicators suggest a positive outlook for Ethereum, with RSI at a neutral level and MACD showing a bullish crossover, indicating potential for an upside breakout if momentum continues.

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