Yigit Taha OZTURK 
Ethereum has been continuing its contracting triangle structure recently and has been rejected at the downtrend resistance. In order to see an upward move, the price needs to break this resistance level. However, at the moment, there is a pause at this level, and Ethereum may make one last downward attempt. This could be an opportunity for the price to decline a bit further, and investors need to remain patient while waiting.
After this downward attempt, a strong upward breakout could happen. This breakout could push Ethereum directly to the $3,000 range. While it’s expected that the price may dip and remain below the resistance level, this breakout could signal the beginning of a new bullish wave for investors.
Currently, Ethereum is in a period of uncertainty, but everything depends on this breakout. If the breakout occurs, the price could surge directly to $3,000. But how will this breakout happen?
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Is the Market in a Bad State?
There is a prevailing uncertainty in the market, and investors are wondering how Ethereum will overcome this critical level. Right now, observing this breakout closely and acting at the right time could present a significant opportunity. However, making the wrong moves could lead to Ethereum remaining within a narrow range for some time.
Patience is the most valuable asset at this point. Market conditions can change at any moment, so it’s crucial to monitor the breakouts and wait for the right moment. If the price breaks through this resistance, upward movement could become stronger for investors. However, if the breakout doesn’t occur, the downward movement could persist.
In conclusion, the future of Ethereum depends on how this breakout unfolds. If a strong upward move takes place, it could be a strong signal for a bullish trend. But the key is to wait patiently for this moment.
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