Ethereum Price Prediction: ETH Consolidates After Breaking 2720 USD, Aiming for the 2800 USD Mark
Ethereum has maintained a strong consolidation pattern after successfully breaking through $2720. The key to the short-term ETH price movement lies in whether it can effectively break through the $2800 resistance. A successful breakthrough may open the door to $2900 or even $3000. Conversely, if it is blocked and falls back, one should be cautious of a pullback that could be triggered by a drop below the critical support area of $2750/$2720. Traders should closely follow the outcome of the $2800 breakthrough, changes in technical indicators, and the overall dynamics of the crypto assets market to formulate strategies.
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