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Ethereum Nears $2,800 Resistance, Analysts Set $3,500 Target

Author: Content Editor
The article discusses the current price of Ethereum and analysts' predictions for its future movement. Ethereum is approaching a critical resistance level, and if it breaks this level, analysts expect further rise. The technical indicators show a slightly bullish momentum, with ascending support levels and moving averages supporting an upward movement. Analysts predict that a move above $2,800 could lead to Ethereum reaching $3,500. The Relative Strength Index (RSI) is moderately bullish, indicating steady buying pressure. Ethereum has built an ascending triangle pattern on the daily chart, which historically has led to breakouts. Analysts believe that if Ethereum confirms a breakout above $2,800, the price could reach $3,500, representing a 29% gain. Breaking the $2,800 level would validate a new phase of bullish momentum. Overall, the bullish outlook relies on Ethereum maintaining its upward trajectory and technical patterns supporting higher lows.

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