CandleFocus Ethereum Price Analysis: Can ETH Soar to $2.8K After Gaining 8% Weekly?
2024-10-16
Author: Content Editor
The price of Ethereum is currently testing a resistance zone at $2.6K-$2.7K. If the price breaks above this range, it could indicate a bullish trend and push the price towards $2.8K and beyond. However, if the resistance holds, Ethereum may enter a bearish consolidation phase. The Taker Buy-Sell Ratio, a futures market metric, shows that there has been a surge in market buy orders for Ethereum, indicating optimism among traders about its short-term price trajectory.
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