$ETH price surged from around $2,635 to reach a high of $2,721, marking a strong bullish trend. The price broke above its short-term resistance, signaling increased buying pressure. The moving averages (MA) suggest a positive momentum, with the shorter-term MAs (7 and 25) rising above the longer-term MA (99), reinforcing a bullish outlook.
If the momentum continues, ETH might test the $2,721 resistance level again, with the potential to reach higher levels. However, if there is a pullback, support around $2,635 might be retested. Traders should monitor volume and volatility for clearer signals on price direction.
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