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Ethereum (ETH) Short-Term Prediction: ETH is cautiously bullish, trading in a range and heavily influenced by Bitcoin's price and the potential for a Spot Ethereum ETF approval. Bullish Factors: Increased network scalability after the Dencun upgrade, long-term deflationary supply, and strong fundamentals in DeFi. Key Resistance: Breaking above $3,400 could confirm an upward trend. Key Support: Holding above $2,800 - $2,900 is crucial to prevent further decline. Overall: The market is awaiting major regulatory news to determine the next significant move.
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