Ethereum (ETHUSD) ended yesterday’s trading above the $2500.00 level, signaling a potential move towards testing the resistance line of the bearish channel as seen on the chart. This development suggests the possibility of achieving further gains in the upcoming sessions, particularly after Ethereum settled above the EMA50, indicating strengthened bullish momentum.
The price recovery hints at a continuation of upward movement in the near term, with the focus now on testing key resistance levels.
Trend Forecast: Bullish
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