ETH is approaching the upper resistance level of its symmetrical channel for trading. This pattern forms when support and resistance levels tend to align, indicating a market accumulation period. When the price breaks through this level, it often marks the beginning of a series of consecutive rebounds. However, if ETH breaks through this resistance level, it will encounter another key resistance at $2,798.34, which may temporarily slow down the rebound. If buying momentum remains strong, ETH may surpass this resistance and rise significantly, reaching $3,442 - an increase of 23.06%. Otherwise, ETH may continue to consolidate within the symmetrical triangle and may attempt another breakout later on.
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