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Ethereum surged throughout the day, reaching the resistance level around 3070 and then pulling back. It is currently hovering around 2970. Will it continue to break new lows or gather strength to surge higher? Let's wait and see.
Looking at the daily chart, there is a trend of incremental upward movement. After today's daily close, the direction will become clearer.
The support level below is currently effective. You can try going long around 2950. If it breaks the resistance level, there is a high chance of #ETH $ETH .