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Ethereum Holding Above Key Support On Daily Chart — Eyes Set On Breakout

  • Ethereum's daily chart shows strength with price consolidating above key support and momentum indicators stable, hinting at a potential breakout.
  • Multiple analysts like ARZTrader and Whitewalker foresee a bullish scenario if Ethereum closes above key levels, targeting price ranges from $2,740 to $4,100.
  • Traders are closely monitoring Ethereum's position near the $2,500 level, anticipating a potential rally if resistance is breached. A breakout above this level could lead to targets between $3,000 and $4,000.
  • Technical expert Daan Crypto Trades notes Ethereum's price stability between $2,313 and $2,736, highlighting $2,500 as a crucial level. A breach above $2,500 could pave the way for retesting the $2,700 to $2,800 resistance zone.

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