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COIN:#ETH📈
TIME FRAME:1D
Analysis:
The chart shows Ethereum testing a robust support level around $2,123. With accumulation underway, a bullish outlook is possible. Moving averages converging suggests potential upward momentum. This trend hints that traders should keep an eye out for a reversal.
Price Targets:
Should Ethereum bounce back, look for a climb to $2,500, with a potential aim for $2,800 if the rally is strong. On the downside, watch for support around $2,000 if the trend weakens. Stay sharp and ready for action!
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DYOR