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Ethereum Targets $1,950 as Pectra Upgrade Boosts Market Momentum

  • Ethereum's price surged 5.22% to $1,935, driven by strong market momentum.
  • Analyst Ali highlighted the key resistance level at $1,860, crucial for Ethereum's bullish move.
  • Ethereum's Pectra upgrade, deploying eleven Ethereum Improvement Proposals (EIPs), aims to enhance network efficiency.
  • With technical indicators supporting a bullish trend, Ethereum targets $1,950 in the short term if the momentum continues.

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