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Ethereum (ETH/USD) is currently fluctuating around the crucial support level of $2,623.77. Stochastic indicators are showing strong positive momentum and have entered oversold territory, suggesting that the price may rise towards our next key target of $2,905.28.
The bullish trend is expected to continue in the near term. However, if the price falls below $2,623.77 and subsequently $2,545.00, the anticipated uptrend could be invalidated, leading to a potential decline.
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Today’s expected trading range is between $2,550.00 support and $2,800.00 resistance.
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Trend Forecast: Bullish
