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Crypto

Ethereum Surges Past $1.9K as Triangle Breakout Unfolds

Guavy AI Editorial Team
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ETH
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Ethereum (ETH) has broken above $1.9K and is trading within the $1,903 range, with its daily volume reaching $4.58 billion.

The market has experienced $24.09 million in ETH liquidations over the past 24 hours.

Ethereum's price has been forming a symmetrical triangle on the daily chart for nearly 30 days, building pressure as the range tightens.

The asset consolidated between $1,865 and $1,892 before breaking above the upper resistance, which is a short-term signal that the daily pattern has been waiting for confirmation on.

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Disclaimer: Guavy is a data and market intelligence provider, not an investment adviser. The information, signals, and market analysis provided by the Guavy API and related services are for informational purposes only and are not intended as financial advice, investment recommendations, or an endorsement of any particular trading strategy. Trading in volatile markets, including cryptocurrency, carries significant risk and may not be suitable for all investors. Past performance is not indicative of future results. Users should consult with a qualified financial professional before making any investment decisions. Guavy makes no guarantee of trading profits or financial returns.

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