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Ethereum’s Price Still In The Major Uptrend – Analyst Forecast Potential For Further Gains

Press Releases Crypto News Bitcoinist Ethereum’s Price Still In The Major Uptrend – Analyst Forecast Potential For Further Gains

With the general crypto market still facing heightened volatility, Ethereum has once again failed to reclaim the pivotal $3,000 price level. Bearish pressure continues to linger in its price action, leading to speculations about its potential in the short term. Although ETH has failed to experience a major surge, analysts believe the altcoin could see a turnaround towards the upside shortly.

Ethereum Gearing Up For A Bullish Run?

Ethereum may have seen a notable decline in the last few days, but Ether Naysonal, a market expert and trader is unshaken about the heightened volatility. According to the technical expert, “ETH is still in its major uptrend,” indicating resilience amid broader market volatility.

Despite occasional pullbacks, the expert cites that ETH continues to hold key support levels, reinforcing optimistic sentiment among investors. With the altcoin maintaining its uptrend, it could pave the way for a potential breakout toward higher levels in the upcoming weeks.

Ether Naysonal highlighted alongside maintaining its major uptrend, ETH has also consistently held the $2,615 support level, which is good for its price action. However, for Ethereum to make a quick recovery, it must at least close above the $2,820 mark for one day.

A close above the $2,820 level would likely reignite bullish momentum for the altcoin again. Meanwhile. the much-anticipated pump will be triggered if the candle closes above $2,923.

ETH set for a quick comeback | Source: Ether Naysonal on X

Ethereum has experienced remarkable adoption and interest in spite of occasional price corrections. This growing Go to Source to See Full Article
Author: Godspower Owie

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