🚀 Ethereum (ETH) Poised for a Breakout? Key Levels to Watch!

Ethereum (ETH) is currently trading around $1,911.97, experiencing a slight uptick of 1.45% today. Analysts are eyeing critical resistance and support levels that could determine its next move.

🔹 Bullish Scenario: A decisive close above the immediate resistance at $2,442 could propel ETH towards the next target of $3,793.

🔸 Bearish Scenario: Failing to hold the support level at $1,500 might lead to a further decline, testing lower support zones.

📊 Key Levels to Watch:

Resistance: $2,442

Support: $1,500

🔍 On-Chain Data: Recent analyses suggest that Ethereum's price compression within a narrowing wedge indicates diminishing bearish momentum, supporting the likelihood of a bullish breakout.

💬 What's your prediction? Will ETH surge past resistance or face a pullback? Share your thoughts in the comments below! 👇

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