Ethereum (ETH) remains in a strong technical position following its sharp August breakout, with the cryptocurrency consolidating near $2,470 while staying comfortably above several important moving averages. ETH is trading around $2,472 after climbing rapidly from approximately $1,900. The rally pushed Ethereum through multiple resistance levels, most notably the declining 200-day moving average near $2,159. Reclaiming this long-term technical indicator represents a significant shift in Ethereums market structure and strengthens the case for a sustained bullish reversal. Ethereum is currently… Read more
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