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Ethereum (ETH) is currently traded at $2,540.50 with a market capitalization of $308.30 billion. The latest analysis shows that ETH has a significant upside potential if it manages to break through certain resistance. *Bullish Factor:* - *Bullish Divergence*: The Chaikin Money Flow (CMF) indicator shows an uptrend, creating a bullish divergence that can indicate a potential trend reversal and price increase. - *Funding Level Change*: ETH's funding level has turned positive, reflecting a more optimistic market sentiment. - *Increased Buying Pressure*: ETH reserves on the exchange continue to decrease, indicating increased buying pressure ¹ ². *Bearish Factor:* - *Strong Resistance*: ETH faces strong resistance around the $2,750 and $3,500 levels. - *Decline Risk*: If ETH fails to break through the resistance, the risk of further decline will increase. - *Bearish Sentiment*: Taker buy/sell ratio shows the dominance of selling sentiment in the derivatives market ³ 4. *Price Prediction:* - *Short Term*: ETH has the potential to reach $3,294 if the demand increases and the breakout above the channel decreases. - *Long Term*: ETH has the potential to reach $4,500 if the key demand level persists and the buying pressure remains strong ¹ ². However, keep in mind that the crypto market is very volatile and risky. Investors should remain cautious and monitor key support and resistance levels before making investment decisions. $ETH
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Will HUMA be a good asset for the future of crypto? Please advise & comment🙏🏻 #humacrypto
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As a beginner I bought BTC & ETH, learned to analyze other coins. Please help and teach me to understand the crypto market #BinancelaunchpoolHuma
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