Analyst: ETH Price May See Bullish Breakout, Target $3,375
Bitget2024/10/11 14:00
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Since dropping below $2,450 on October 2, ETH prices have consolidated in a narrow $100 range for the past nine days, according to Cointelegraph. Despite the volatility in the bitcoin market, ETH's weekly return is down just 1 percent.
ETH remains above the 200-day EMA trendline on the weekly chart, showing bullish signs that could trigger a positive breakout in the ETH/USD pair.
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