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TA: Ethereum Prints Bullish Pattern, Why ETH Could Revisit $4.5K

Ethereum is stable above the $4,250 pivot level against the US Dollar. ETH could accelerate higher if there is a clear break above the $4,350 resistance zone.

  • Ethereum is trading in a bullish zone above the $4,200 level.
  • The price is consolidating above $4,250 and the 100 hourly simple moving average.
  • There was a break above a key contracting triangle with resistance near $4,270 on the hourly chart of ETH/USD (data feed via Kraken).
  • The pair could gain bullish momentum if there is a clear break above the $4,350 resistance zone.

Ethereum Price Is Rising

Ethereum formed a base above the $4,150 support level. ETH price started a steady recovery wave above the $4,200 resistance zone to move into short-term NEWSBTC


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