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Ethereum Price Analysis: ETH Needs to Stay Above Key SMA to Sustain Uptrend

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ETH
$2,974.14-0.64%
Ethereum (ETH) needs to hold above the 9-day SMA of $3,166.96 to keep its uptrend intact, according to ETH analysis. Over the past 24 hours, ETH gained 1.2% to $3,235.25, trading between $3,160.13 and $3,267.70. RSI is at 53.88, showing a neutral stance, while MACD remains positive at 53.36. Futures data, however, shows a net outflow of $76.9 million in 30 minutes and $709.4 million in 24 hours. ETH analysis suggests the next few days will be key for a breakout or reversal. Among altcoins to watch, ETH remains a focal point for traders.
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