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Ethereum Price Prediction: Will ETH Break $2,600 or Pull Back First?

  • Ethereum has reached the $2,600 level but is encountering resistance at a weekly supply zone.
  • On the 4-hour chart, Ethereum shows a potential short retracement may occur after a recent shift in structure.
  • There is uncertainty in the market as Ethereum did not sweep all the liquidity below before its rally, indicating a possible pullback.
  • Traders are advised to watch for signs of a short retracement before any significant continuation in Ethereum's price.

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