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Ethereum Price Update: Eyes on $2,600 Resistance

Ethereum (ETH) is showing promising signs on the 4-hour chart. 

ETH Chart (Source Coingecko)

Currently, it’s trading around $2,550, sitting above the EMA50, which indicates a supportive trend for bulls.

Technical indicators show mixed but positive signals:

  • RSI is neutral, suggesting neither overbought nor oversold conditions.
  • MACD is signaling positive momentum, hinting at a possible move higher.

The key level to watch is $2,600, which acts as strong resistance. A clear break above this level could open the door for Ethereum to quickly reclaim the $3,000 zone.

Bottom Line:
If ETH breaks $2,600 with volume, it may accelerate toward $3,000. Traders should watch for a confirmed breakout before entering new long positions.

Stay tuned for further updates and analysis!

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Link: https://t.me/CryptoTimely

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