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The Ethereum Waiting Game: Breakout To $2,800 Or Crash To $2,000?

  • After a major crash over the weekend, Ethereum's price has bounced over 10% back above key support levels but remains uncertain due to geopolitical and macroeconomic factors.
  • The cryptocurrency is now hovering around the $2,400 level, which has historically served as crucial support, suggesting ongoing investor interest.
  • Analysts highlight that Ethereum is at a pivotal point, waiting for confirmation on its next direction. A breakout could send it above $2,800, while a crash may lead to a drop towards $2,000.
  • Analysts anticipate Ethereum's price to potentially reach $2,800–$3,000 during the expansion phase, but failure to sustain above $2,100 could invalidate this bullish projection.

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