As the price of Ethereum (ETH) shows a mixed trend, it appears to have a short-term upward momentum.
According to CoinMarketCap, Ethereum has declined by 2.69% over the past 24 hours. However, looking at the hourly chart, it continues to form new highs, sending a bullish signal.
If the daily closing price is formed at the current price level of $2,515 (approximately 3.49 million won), it seems likely to attempt to break through $2,600 (approximately 3.61 million won).
On the long-term chart, a false breakout below the previous day's low has appeared. If the buying pressure maintains its current momentum, the correction phase may be delayed, with the possibility of testing the $2,600-$2,700 (approximately 3.61-3.75 million won) range.
From a medium-term perspective, the balance between buying and selling continues. As trading volume shows a declining trend, significant price fluctuations are expected to be limited for the time being.
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