Analyst: ETH Price May See Bullish Breakout, Target $3,375
Since dropping below $2,450 on October 2, ETH prices have consolidated in a narrow $100 range for the past nine days, according to Cointelegraph. Despite the volatility in the bitcoin market, ETH's weekly return is down just 1 percent.
ETH remains above the 200-day EMA trendline on the weekly chart, showing bullish signs that could trigger a positive breakout in the ETH/USD pair.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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