Taking a look at the chart, it's clear that ETH has made a successful bounce off the support and is now on its way to challenge a strong resistance. Given the current short-term bullish sentiment, there's a reasonable expectation that it will break through that resistance.
After the breakout, we may witness a minor retracement, as anticipated. This trade is a calculated one with a moderate level of risk, so be prepared if you decide to take the plunge.
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