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According to research, bulls are getting stronger Coin Statistics.
ETH Cryptocurrency
Ethereum (ETH) price has increased by 0.25% since yesterday.
On the hourly chart, the ETH rate has made a false breakout of the local resistance of $2,639. If the bar closes far from it, there is a chance to expect a correction to the $2,600 zone.
On a larger timeframe, buyers can start thinking about further growth only if they return the exchange rate to the level of $2,699.
Related
If that happens, the energy may be enough to move into the $2,800-$2,900 range.
A less positive picture can be seen on the weekly chart. If the candle closes far from its high, traders may see a decline to the $2,400-$2,500 zone.
Ethereum is trading at $2,610 at the time of writing.
