๐ $ETH โ Is Ethereum on the brink of a new breakout? ๐ฅ
After the recent corrections, $ETH is trying to stabilize at important support levels around $3060. ๐
๐ Technical Analysis:
- Breaking the resistance at 3100$ could open the door for a rise towards $3200โ$3300.
- The Relative Strength Index (RSI) indicates a balance zone, meaning a cautious buying opportunity.
- Suggested stop loss: 3000$ to reduce risks.
๐ก Reasons for Interest:
- Upcoming technical updates on the network (Merge 2.0) enhance transaction efficiency and reduce fees.
- Institutional activity and new investors on the platform boost liquidity and trading volume.
๐ Advice for Traders:
Monitor support and resistance levels, and focus on technical analysis before making any buying or selling decisions.
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