Analysis: ETH is in a bullish flag formation, and if it breaks through resistance, it may target a price level of $3700.

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Odaily News Recent rebound of Ethereum has led to the liquidation of over 22 million USD in ETH short positions, but Technical Analysis shows that ETH price is still in a bullish flag pattern. If it breaks through the current resistance level, it could point to a target price of 3,700 USD. Analyst Titan of Crypto stated that the weekly Stochastic RSI indicates that ETH still has upward potential. Another analyst, Chimp of the North, believes that ETH may rise again after pulling back to 2,400 USD, with a target range of 3,000 to 3,300 USD. Additionally, analyst Crypto Patel pointed out that if ETH falls to 1,800 USD and gains support, it may initiate a new round of upward movement, with a target price between 4,000 and 5,000 USD.

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GateUser-7d7ce978vip
ยท 18h ago
Hold on tight, we're about to To da moon ๐Ÿ›ซ
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NorthernSecondBrothervip
ยท 20h ago
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