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Crypto_trader technical analysis suggested that ETH was near the crucial support level of $2,800 at press time. This appears to be a make-or-break situation for the crypto as it has been consolidating at this level for the last three days.
Trading View:
Based on the altcoin’s latest price action, if ETH rallies and closes above the $2,880-level, it could see a price surge of over 22% to hit the $3,500-level in the future.
However, if ETH’s price declines further and closes a daily candle below the $2,720-level, we could see the asset drop to $2,200 in the future.