Current price 👇
Today's highest price: $2,310.81
Today's lowest price: $1,909.27
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📈 Market analysis
Ethereum is experiencing strong upward momentum, supported by Bitcoin surpassing the $100,000 barrier, which has restored confidence in the cryptocurrency market. The recent upgrade of the Ethereum network (Pectra) has contributed to performance enhancement, with increased interest in projects built on the network.
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⚠️ Risks
Potential overbought situation that may lead to an immediate correction.
Strong correlation with Bitcoin's movement; any rebound in BTC will quickly reflect on ETH.
The current resistance level at $2,300 may pose a barrier to further increases.
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🌟 Positive factors and opportunities in upcoming posts
We will soon cover the key strengths of Ethereum – from network expansion to projects built on smart contracts.
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📝 My personal opinion
The current momentum is promising, especially with institutional support and the success of the recent upgrade. However, it is advised to manage risks carefully. It may be wise to wait for a clear breakout above the $2,300 level before adding positions.
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