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$ETH ETH is bullish up to 2440, and the logic is actually very simple:
The current price is repeatedly oscillating around a key support zone, with no clear breakdown, indicating that the buying support below is still intact; at the same time, trading volume is beginning to increase, showing signs of capital inflow. From a technical perspective, the short-term cycle has already formed a bottoming structure, with moving averages gradually turning upward. Once it breaks through the small resistance level above, it can easily accelerate higher. Additionally, the overall market sentiment is warming, and mainstream coins have the demand for catch-up gains.
So as long as it does not break below the support, ETH is likely to oscillate upward, with a target around 2440. If it breaks through, there could even be further room for gains.