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I just checked ETH and it is trading around $2,400, up 3.88% in the last 24 hours. Quite different from what we saw recently when it was pressured at $2,060. It seems the market is recovering from that stronger correction we experienced.
The interesting thing is that it is oscillating within a defined range, looking to break upward. Analysts are watching key technical levels. The important support is around $2,010, which is a 50% Fibonacci retracement and could be decisive if the price drops again. If that holds, we might see a stronger rebound.
On the bullish side, the nearby resistance is close to $2,109, and if it manages to break that, the next targets would be in the $2,180-$2,213 zone. If it truly surpasses those barriers, it could reach $2,325 or even $2,397. For now, ETH has positive momentum for the week, rising 1.65% in the last 7 days. We will have to see if it maintains this momentum or if it tests those supports again.