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Ethereum is about to take off recently, with the price standing above the 200 EMA, around $2500. This indicates that the market is still leaning towards an upward trend.
The current price is approaching an important resistance range, around $2648 to $2734. If it can break through this level, there is a chance to rise to $2800 or even higher.
In terms of technical indicators, the MACD has formed a golden cross, which is usually a signal for an upward trend, indicating that more buyers have entered the market. Two points to watch in the short term: if it breaks through 2734, the market may continue to rise; if it falls back but holds above 2500, buying can still be considered.
The big coin is once again sprinting towards the resistance of 110,000. This is the third time the big coin has attempted to break through this position. If it cannot effectively break through, it will form a triple top, which may lead to a significant correction; this is a bad scenario. However, I am optimistic about the big coin breaking through this resistance and reaching a new high above 115,000. Ethereum has also approached the resistance of 2,630 in the past two days, and the trend is also turning upward. The next resistance is around the 2,700 mark, and strong resistance still lies near the previous high of 2,820. This is also expected to be a position Ethereum may reach after the big coin hits a new high.