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"Ethereum Technical Analysis: Potential Bullish Breakout from F

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Ethereum update

Ethereum is currently trending within a rising channel, as shown in the chart. It has formed a falling wedge pattern, similar to one it made a few weeks ago, and bounced by approximately 19% according to the pattern.

If Ethereum breaks out of this wedge, it is likely to bounce by almost 19% again. However, if it breaks out of the rising channel, the chart will be invalidated.

In the event that Ethereum does break out of the wedge, it would be a good opportunity to open a long position.

Stay tuned; I will keep updating

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#Ethereum falling wedge Breakout!🔥

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📊 Ethereum Symmetrical Triangle Assessment

Currently, #ETH is intricately constructing a symmetrical triangle, presenting a crossroads for potential breakout or breakdown scenarios.

📈 A successful surge past the $2340 threshold signals a bullish trajectory with a keen eye on the $3000 mark.

However, 📉 a dip below the symmetrical triangle support at $2200 hints at a bearish shift, urging traders to prepare for a possible retest of the $1500 range.

⚠️ Strategic considerations:

Eschew impulsive trades.
Rely on verified signals.
Employ technical analysis for accuracy.
Navigate the markets with sagacity!
#Crypto

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Vitalik Buterin shares updated 2024 roadmap for #ETH

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ETH has rebounded from the trendline and established support within the Ichimoku cloud, accompanied by a notable increase in trading volume. Currently, it hovers near the breakout point of the ascending triangle.

A clear breakout would confirm a bullish trend, while a rejection might signal a continuation of price consolidation within the triangle's boundaries.
#Crypto

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📈#ETH
facing resistance at $2400, a critical zone, yet maintaining Bullish Market Structure. Anticipating a breakout with substantial liquidity above. Alternatively, strong support might sustain the range.