Ethereum holders back in profit as ETH price enters 'crucial area' for $3K breakout 🚀
Ethereum holders have returned to profit as ETH's price surged to $2,700, raising the possibility of a $3,000 breakout. This surge, influenced by the Pectra upgrade excitement, has ETH trading above its realized price, providing financial relief and signaling a bullish outlook.
Despite this, Ether faces sell pressure at $2,800, where about 2.27 million ETH could be sold. Analysts highlight the importance of holding above $2,400 to sustain this bullish momentum.
The $2,400-$2,900 range is a crucial zone for Ethereum, and breaking above $3,000 is needed for aiming at higher levels, keeping bears in check.
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