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Ethereum (ETH) is surging toward its critical $3,800 resistance after a 70% monthly rally. Analysts warn of a potential 15% pullback before new highs, drawing parallels to past bullish cycles.
- Ethereum faces a key resistance at $3,835, where 2.82M addresses hold 1.48M ETH, and support at $3,490 with 4.18M addresses.
- Analysts predict a 10%-15% pullback to $3,300-$3,400 before a potential breakout toward $8,000-$10,000.
- Historical patterns suggest ETH’s current setup mirrors its 2019-2020 and 2017 cycles, hinting at a major rally ahead.
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