Ethereum Price Analysis Today: key Short-term Targets for ETH to Consider Ahead 📈
On-chain data reveals that whales are accumulating Ether relentlessly over the past few days. Ethereum's price needs to consistently close above $1,687 in the near future to negate the ongoing multi-week correction. Despite this accumulation, Ethereum has continued to lose ground to Solana, a trend that might persist in coming months.
The Ethereum (ETH) price movement closely follows that of Bitcoin (BTC); hence, monitoring Bitcoin's behavior can provide insights into Ethereum's potential price trajectory. Traders should be vigilant as ETH approaches these critical targets to navigate the possibilities of breakthroughs or rejections at key resistance lines.
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