Recently, the cryptocurrency market has shown a positive trend, with Ethereum (ETH) standing out particularly. After receiving support around $2,120, ETH has embarked on a remarkable pump. As of the time of writing, ETH has risen over 8%, successfully breaking through several key technical resistance levels.
ETH/USD has broken through an important downward trend line on the short-term chart, with the price currently stabilizing above $2,250, while also standing above the 100-hour simple moving average (SMA), indicating strong upward momentum.
From a technical analysis perspective, the Fibonacc
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