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$ETH Price Prediction 08/12/2022

BITSTAMP:ETHUSD   Ethereum
Price holding under the upper orange trendline (uptrend average) as we continue consolidation within the highlighted zone.

A dip to roughly 1800 or long-term trendline is still expected before a next major push; note that we've passed the intersection point which should provide better support.

If a bullish breakout does occur at current zone we could likely see a push to 2k+. This is also probable due to the lack of resistance within the past 24 hours.
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