Ethereum (ETH) Technical Analysis: Breakout Potential in Focus 🎯

Ethereum (ETH) has been consolidating within a narrow range, showing signs that a breakout could be approaching. Traders are closely watching ETH as it approaches key resistance and support levels. Here are three crucial targets to monitor:

🎯 Target 1 – $1,650: The first target sits at $1,650, a key resistance level that ETH needs to break in order to shift towards a bullish momentum. Breaking through this level would indicate increased buying pressure, with short-term traders likely stepping in to capture upside potential.

🎯 Target 2 – $1,750: If ETH clears $1,650, the next target is $1,750. This level has historically acted as both support and resistance, making it a critical zone for determining whether the bullish trend can continue. A successful breakout here would strengthen the case for further gains.

🎯 Target 3 – $1,900: The third and more ambitious target stands at $1,900. This level represents a significant resistance, and surpassing it could signal a major trend reversal. A move past $1,900 would likely attract long-term investors back into the market and spark optimism for a sustained uptrend.

Traders should watch for volume and momentum to confirm whether ETH can break through these levels. Market catalysts such as DeFi activity, Ethereum upgrades, and broader crypto sentiment will play a vital role in ETH’s price action.

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