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Ethereum price (ETHUSD) within positive pattern – Forecast today - 17-10-2024
Ethereum price (ETHUSD) recent trades are confined within ascending triangle pattern that appears on the chart, and the price needs to surpass 2650.00$ to activate the positive effect of this pattern followed by rallying towards our next waited target at 2720.00$.
Therefore, we will continue to suggest the bullish trend for the upcoming period, supported by the EMA50, noting that breaking 2600.00$ might push the price to decline and test the key support 2515.00$ before any new attempt to rise.
The expected trading range for today is between 2550.00$ support and 2750.00$ resistance
Trend forecast: Bullish
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