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#ETH Breaks $4,300
Ethereum boosted investors' morale by surpassing the $4,300 level during the day.
This breakdown is seen as a signal that the market may revive again after the horizontal movement in recent weeks.
Key levels
• Support: $4,200 – $4,250
• Resistance level: $4,350
• Target range: $4,450 – $4,500
Technical view
The volume increase is noticeable in the 4-hour chart.
The RSI is still not in the overbought zone, which indicates that there is room for the rise to continue.
However, if there is a pullback below $4,200, a loss of momentum may occur.
While the overall market demand remains strong, institutional demand and the effects of staking are supporting the price.
If it maintains above $4,350 in the short term, the possibility of a new rally may strengthen.
I wish you safe investments.