**ETH Gold Update:**
ETH is currently on an upward trend. Looking at the trend line, the key resistance level is still around 2530, where the battle between bulls and bears is happening. The main focus is on 2580âif the price falls below this, a short position could be considered. ETH has also formed a head-and-shoulders bottom pattern, which signals a reversal. If it continues to drop and this pattern forms, it's a sign to go long.
Right now, the price is nearing the previous high around 2642, where itâs been consolidating. This consolidation shows that both long and short traders are fighting near this important resistance level. If ETH can break through, it could rise to 2700-2900. Also, keep an eye on the head of the head-and-shoulders pattern around 2640. This area has formed a classic single needle spiral pattern, and if it holds as strong support, 2700 is very likely.
Additionally, the 2550-2560 range has shown strong support, having been tested multiple times. The key level to watch now is 2680. If ETH breaks through this, it could climb to around 3000.
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