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Ethereum (ETHUSD) is holding steady above the $2,623.77 level, showing signs of an ongoing bullish trend. The cryptocurrency appears poised to continue its upward trajectory, supported by the recently completed double bottom pattern. The next significant target for Ethereum is set at $2,905.28.
To sustain this bullish outlook, Ethereum must remain above the $2,545.00 mark. A drop below this level could trigger a decline, potentially reaching initial negative targets around $2,355.00.
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Today’s expected trading range for Ethereum is between a support level of $2,520.00 and a resistance level of $2,770.00.
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Trend Forecast: Bullish
