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Ethereum Price Analysis: ETH Needs to Hold This Key Support to Continue Its Bull Run

  • Ethereum is consolidating above the key $2.5K support, reflecting market indecision and low trading activity.
  • A bullish rebound is expected if the $2.5K support holds, targeting the 200-day MA at $3K.
  • Ethereum is confined within the $2.5K-$3K range, awaiting a breakout for a sustained trend.
  • The futures market is anticipating a potential influx of buyers, suggesting a quick recovery to reclaim the $3K threshold.

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