Ethereum (ETH) Price: Technical Analysis Shows Potential Breakout Above $2,040 Resistance
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Ethereum is demonstrating recovery potential after a prolonged correction, with institutional investors accumulating ETH and technical indicators suggesting a possible 65% rally to $3,400 by June. Major financial institutions like BlackRock and Fidelity are increasingly embracing Ethereum's blockchain technology for tokenization.
March 24, 2025 | 11:00 am
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ETH is trading around $2,032, with critical resistance levels at $2,020 and $2,040 that could trigger a significant price surge if broken.
Technical indicators, institutional accumulation, and potential breakout above key resistance levels suggest positive short-term price movement for Ethereum.
CONFIDENCE 85
IMPORTANCE 95
RELEVANCE 100