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Ethereum is consolidating and building momentum—will a breakout be imminent?
This week, Ethereum’s price showed a volatile rebound followed by a pullback, and then a stabilization repair. Technical indicators show that short-term bullish momentum has somewhat weakened, but the medium-term trend remains unchanged.
Next week, Ethereum is very likely to continue the rhythm of “consolidation and building momentum → breakout decision.” If it can hold the 2300 support and break the 2423 previous high, it will kick off a new round of upside movement; if it breaks below 2300, you need to watch for pullback risk.
Go long directly near 2300. The first target is 2430. If resistance breaks through, look for 2600.
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