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HomeLatestEthereum (ETH/USD) Reaches Initial Target: Today's Forecast - August 26, 2024

Ethereum (ETH/USD) Reaches Initial Target: Today’s Forecast – August 26, 2024

Ethereum (ETH/USD) has achieved its first anticipated target at $2,775, with positive trading activity pushing the price higher. The next key target is set at $2,905.30, supported by the 50-day Exponential Moving Average (EMA), which is aiding the price from below.

The bullish trend is expected to continue in the near term. However, a decline below $2,623.77 and then $2,545.00 could halt the upward movement and potentially lead to a bearish reversal.

Today’s forecasted trading range for Ethereum is between $2,620.00 on the support side and $2,870.00 on the resistance side.

Trend Forecast: Bullish

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