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Ethereum (ETHUSD) is currently exhibiting a slight bullish bias, supported by stochastic positivity, indicating potential for further gains. The price is aiming for an initial test of the $3185.00 resistance level. A breakout above this level would open the path for further upward movement towards $3325.00, and potentially $3440.00.
The bullish outlook remains intact as long as Ethereum holds above the $3026.70 support level. If the price falls and remains below this level, the bullish scenario would be invalidated.
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Expected Trading Range:
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Support: $2960.00
Resistance: $3210.00
Trend Forecast: Bullish
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