The $2970 level holds strong significance for Ethereum at the moment. If Ethereum manages to establish a 45-minute resistance period within the range of $2970 to $2985, we could potentially see Ethereum reaching highs of $3030 to $3045. However, it's essential to note that the breaking zone lies at $2948. If Ethereum breaches this level, the market could experience another downward movement, potentially falling back into the $2930 to $2920 range.

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