ETH Price Prediction: Can Bulls Make a Comeback on the Last Day of the Week?

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According to analysis from CoinMarketCap, bulls are working hard to regain market dominance on the last day of the week. Since yesterday, **Ethereum (ETH)** price has risen by 1.86%, but overall changes in the past week have been minimal.

Key Technical Levels

Short-term Trend: On the hourly chart, ETH has falsely broken through the local resistance level of $3,409. If the price continues to decline, the support level of $3,375 may become the next target.

Mid-term Trend: From a larger time frame perspective, the market is showing a relatively neutral performance, with prices far from key support/resistance levels. Trading volume continues to decline, indicating that both buyers and sellers are not ready to dominate the market, making it difficult to expect significant volatility in the short term.

Expected Analysis

Short-term: Due to shrinking trading volume, ETH may maintain a sideways consolidation in the short term, with little likelihood of significant volatility.

Mid-term: If ETH's price is close to the current level ($3,406) at the end of the week, it may enter a prolonged phase of sideways consolidation, with a low probability of a reversal.

ETH's current price remains at $3,406, with relatively stable short-term performance, and significant increases or decreases are not expected.

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