Ethereum Frozen Above $3,000: Resilience Or Is The Worst Yet To Come?
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Ethereum (CRYPTO: ETH) has risen 4% over the past month, currently priced at $3,105.39, amidst weakness in other altcoins. It has been trading in a $2,600–$3,400 range for over two months, with signs of a potential breakout. Daily active addresses have doubled to over 800,000, and ETF demand has increased significantly. Analysts suggest that maintaining support above $3,085 could lead to a breakout above $3,400, with targets of $3,660 and $4,000. Ethereum is also processing record transaction levels, indicating strong network activity.
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