Ethereum Price Prediction: Analysts Predict Breakout as U.S. Tax Exemption Boosts Confidence 🔥
Ethereum price is currently trading at $4,509, showing a recovery in momentum after rebounding from the $4,307 support level. Buyers are testing a descending resistance line around $4,560, which has hindered previous attempts since August. The key focus is whether Ethereum can surpass this resistance or retreat to deeper support levels.
The U.S. tax exemption is reportedly boosting confidence among investors, possibly influencing Ethereum's price trajectory. Market analysts are predicting a breakout as participants await to see if Ethereum can overcome the resistance barrier.
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