The rate of Ethereum (ETH) has increased by 2.20% in the past 24 hours. On the hourly chart, ETH is rising after breaking a local support level. If the daily bar closes far from this level, the growth may continue to a resistance level by tomorrow. Traders should focus on the $2,466 level, as a breakout could lead to further upward movement. In the midterm, buyers may lack the strength to sustain rising prices, and a consolidation in the $2,300-$2,600 range is more likely. Currently, Ethereum is trading at $2,418.



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