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Ethereum's current market performance is looking promising, with a potential retest of $2,707 as investors resume accumulation .

The price remains above the 200-day moving average, maintaining the long-term uptrend .

However, trends are mixed, and the price needs to break above $3,700 to signal continuation of the uptrend, with a potential 10% upside to $4,000.

💥*Key Technical Indicators:*💥

Uptrend on short-term basis, neutral on medium- and long-term basis.

Bullish, with MACD line above MACD signal line and RSI above 55

Nearest support zone is $3,200, then $2,850-$2,930; nearest resistance zone is $3,700, then $4,000 and $4,800.

🔥*On-Chain Data and Recent News:*🔥

Ethereum's on-chain data shows significant activity, with dormant wallets reawakening and moving millions .

The Shapella upgrade has propelled Ethereum above $2,100, and crypto firms are rushing to offer Ethereum staking ahead of The Merge.

Overall, Ethereum's analysis suggests a bullish outlook, but it's essential to keep an eye on market trends and potential resistance levels. #USElections2024Countdown #TetherAEDLaunch #BTCMiningRevenue #NovemberMarketAnalysis #MyFamily