📈 Overall trend: $ETH bullish after a strong rebound from $4,200, with a new peak recorded at $4,320 during the day.
📊 Price Action: Consecutive bullish candles indicate continued buying momentum, and high trading volume supports the trend.
📌 Important Levels:
Support: $4,200
Resistance: $4,320
Potential targets: $4,350 – $4,400
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📰 Influential News:
1. Launch of a new test network for Ethereum 3.0 with improvements in speed and security. Source
2. An increase of 8% in the number of active wallets on the #Ethereum network over the week. Source
3. A 15% increase in burn operations $ETH which reduces circulating supply. Source
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✅ Positives:
Upward trend with broken minor resistances.
Positive technical news supporting the project.
Increasing the burn reduces inflation in the currency.
⚠️ Negatives:
Approaching resistance at $4,320 may slow the rise.
Correction possibility if trading volumes suddenly decrease.
