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Ethereum Fractal Signals Rally Potential as Key ETH Support Holds
- Ethereum retests $2,500 support, resembling a bullish fractal from early 2024.
- Weekly candle patterns suggest increasing buyer strength and potential rally continuation.
- ETH market cap surpasses $345 billion with renewed whale accumulation and volume surge.
- Open interest reaches record highs, indicating growing market participation in ETH trades.
- ETH has confirmed a $2,500 support retest, reminiscent of an early 2024 setup that led to a breakout.
- ETH's weekly gain exceeded 13% after testing the $2,500 zone, indicating revived buyer interest.
- Ethereum's price climbed above $2,800, reflecting bullish sentiment with a 5.62% rise over seven days.
- Traders observe Ethereum's strong market structure and price momentum for potential upward movement.
- A weekly candle pattern closely resembles a previous breakout, signaling aggressive buyer activity.
- Traders eye the $3,200 to $3,500 region as a key challenge, possibly leading to a retest of $3,900 to $4,000.
- ETH's market cap surpasses $345 billion, confirming a breakout from consolidation and a bullish setup.
- Whale activity resurfaces with significant accumulation, and open interest in ETH hits all-time highs.
- Technical indicators suggest continued upside for Ethereum as market confidence grows.
- If the fractal pattern persists, Ethereum may target yearly highs, staying in the spotlight.
- Ethereum Fractal Signals Rally Potential as Key ETH Support Holds
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