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The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
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Sign InThe cryptocurrency market shifted into an aggressive bullish phase as Bitcoin jumped over 5% ahead of the $2.2 billion options expiry on Deribit. Despite the recovery, Ethereum now faces a critical resistance level at $2,450 within the next 48 hours, a key 'make-or-break' test for the asset. Technical indicators show a price rejection at the $2,386 upper Bollinger Band, which has established a distribution pattern. This shift suggests a potential downside risk targeting the $2,230 support level if the resistance holds. Investors are closely monitoring these specific technical barriers to determine if the recent rally can sustain its momentum or if a consolidation phase will re-emerge.