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Ethereum’s Short-Term Price Targets – Can It Overcome The $2,300 Resistance?
In a recent surge, Ethereum has reclaimed its realized price at $2,040, indicating potential for early recovery. However, the crypto market is fraught with uncertainty and this development must be considered in conjunction with the broader market conditions.
Despite these challenges, analysts are now left pondering whether Ethereum can overcome the formidable $2,300 resistance level.
In a recent analysis, experts pointed out that crossing the realized price marked the beginning of a bullish trend. It would appear logical to assume that a breach of this critical barrier may be all it takes for the cryptocurrency to break into new highs.
However, this assumption does not account for several key factors that could hamper its progress in this endeavor.
Source: https://ambcrypto.com/ethereums-eth-short-term-price-targets-is-the-2300-resistance-too-strong/
