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ETH Skyrockets 8% Daily Above $3.4K, Bulls Eye This Level Next
The Ethereum (ETH) market is abuzz with intense buying pressure, as the cryptocurrency has skyrocketed an impressive 8% daily above the crucial $3,400 psychological barrier. This significant upward surge has led many analysts to re-evaluate their previous predictions and adjust their expectations.
Following its breakout above the $3K level, ETH’s price action has remained remarkably bullish, showcasing a strong display of buying momentum that is driving the asset higher. The current trajectory suggests that the bulls are firmly in control, with no signs of any significant pullbacks or consolidations to interrupt the upward climb.
The data shows that ETH has reclaimed its upward trajectory, solidifying its grip on the market and bolstering its potential for continued growth. This development may be seen as a testament to the unwavering confidence of traders who continue to flock to Ethereum in hopes of capitalizing on the asset’s remarkable run.
Moreover, our analysis indicates that this price action may mark the beginning of a new upward trend, potentially paving the way for future milestones at higher levels.
Source: cryptopotato.com
