Ethereum (ETH) is showing solid signs of strength as it holds firm above the $1,630 level.
Ethereum chart (Source Trading View)
After a period of sideways movement, the price appears to be consolidating, often a signal that a major move could be near.
Currently, ETH is eyeing a potential breakout above the $1,690 resistance zone.
If that happens, we could see a push toward the $1,770 mark, and possibly even $1,850 in the short term.
Key Levels to Watch:
- Support: $1,625
- Resistance: $1,670–$1,680
As long as Ethereum remains above the $1,600 threshold, bullish momentum is likely to stay intact.
Traders and investors are keeping a close eye, as a breakout might be just around the corner.
Stay tuned, Ethereum could be setting up for its next big move.
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