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Ethereum sets sights on key resistance in early August
Ethereum (ETH) continues to build bullish momentum, holding firm above $3,800 as market participants prepare for what could be its most significant breakout since early spring. Based on analyst forecasts, ETH is set to climb nearly 11% over the next seven days, potentially reclaiming the critical $4,200 zone by August 2, according to data from CoinCodex. Institutional inflows, on-chain strength, and improving trader sentiment are aligning to support this move. At the same time, retail capital is also flowing into high-velocity altcoin narratives like MAGACOIN FINANCE, which is gaining traction among traders seeking faster upside during Ethereum’s gradual rise.
