Ethereum $ETH Update 📈 📉 Key Levels and Market Outlook After the CPI Data 💥
1. Ethereum (ETH) is currently consolidating within the range of $3,770 to $3,897, as the market prepares for the upcoming Consumer Price Index (CPI) data release scheduled for December 10th. This critical data point often drives significant market volatility.📉📈
2. Recent Market Performance and Corrections
Leading up to the current consolidation phase, Ethereum experienced a noticeable correction around the $3,500 level 📉. This correction aligns with broader market behavior.💥
3. Next Waves Key Levels to Watch:
As Ethereum continues to form its current price structure, several critical levels are emerging that traders should keep an eye on.👈
4. Rejection and Breakout Zone:
On the upside, Ethereum is facing a potential rejection zone near 🟢$4,040🟢. A decisive breakout 📈 above this resistance could signal renewed bullish momentum, paving the way for Ethereum to test higher price ranges. A successful breakout will likely attract increased buying pressure, strengthening Ethereum’s upward trajectory. ✅
5. Price Targets Post-Breakout:
If Ethereum breaks through the $4,040 resistance level, the next target range to monitor will be around 🎯 $4,400 to $4,600.🎯 This zone marks a significant milestone for Ethereum, as it would indicate a robust recovery and continuation of the bullish trend. ✅
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