ETH Price Eyes $2,163 Target as Double Bottom Completes on Daily Chart

Story Highlights* Ethereum has printed a double bottom on the daily chart, signaling a near-term breakout to $2,163.

  • The bottom resistance is $1,510, and the coin has already broken above the neckline resistance of $1,842.
  • ETH is up 6.88% over the past 24 hours, fueled by the launch of EthSystems and a positive macro reaction to lower-than-expected inflation data.
ETH3.02%
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