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Ethereum (ETH/USD) has successfully breached the $2623.77 resistance level, opening and closing the last four-hour candlestick above this mark. This breakout indicates potential for further gains, with expectations set for reaching targets of $2905.30 and extending to $3000.00, supported by the formation of a double bottom pattern on the chart.
The bullish outlook is favored in the upcoming sessions. However, if the price fails to maintain consolidation above $2623.77, the bullish trend could be reversed, leading the price back to a bearish trajectory.
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Today’s anticipated trading range is between the support level of $2560.00 and the resistance level of $2820.00.
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Trend Forecast: Bullish
