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💡 Quick technical analysis:
✅ Strong rebound after the drop! After touching the bottom near $1385, Ethereum witnessed a good upward wave and is currently stabilizing above $1800, indicating the formation of a strong support base.
✅ RSI at 64.00 – shows Ethereum approaching the overbought area, but it is still within a healthy range that allows for further upward movement before correction.
✅ MACD shows positive momentum but has started to slow down a bit, with DIF and DEA lines converging, indicating the possibility of an explosive move soon (upward or sharp correction).
📊 Trading volume is relatively increasing while maintaining stable volume, which supports the scenario of continuing current momentum provided that important resistances are broken.
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🚀 Expected scenario:
If the 1810 – 1840 dollar area is successfully broken with strong volume, we may witness a breakout towards:
✅ $1900
✅ then $1957 (important previous resistance)
✅ In case of additional strength, testing $1985 will be on the table.
In case of a drop, the 1750 – 1780 area forms very important support, and breaking it could lead to visiting levels:
✅ $1680
✅ then $1608.
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🔥 Is Ethereum ready for a price explosion?!
Indicators suggest that the price is in a strong accumulation phase with the beginning of readiness to break the sideways trend. Any news catalyst or increase in risk appetite could lead to a rocket move! 🚀
📢 Share your opinion! Do you expect ETH to break the $1900 barrier soon?! 👇
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📌 Important tips:
🔹 Watch the MACD lines crossover closely – any positive reversal could be an early signal for a price surge.
🔹 Risk management is essential – set a stop-loss below the main support to avoid any sudden reversals.
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