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⚠️ETH Analysis⚠️
Looking at the chart, ETH has more bullish potential than BTC. If the daily closing price can hold above 3056, it will confirm the start of a rebound, and the price will then retest the yearly opening price at 3330.
The main resistance currently faced is a strong high on the 1-hour chart, which is also the bears’ last line of defense and hope near 3100. If this level is broken, the price can easily move up to the 3166-3244 range. If the 4-hour closing price falls below 3050, a pullback to 2980 is possible. This level can be considered a prime entry point for long positions, with a stop loss set at 2910.