Ethereum has achieved an all-time high of 22.8 million ETH in accumulation addresses, suggesting strong investor confidence. Although transaction activity has surged to 1.5 million daily transactions, ETH still faces technical challenges, trading around 2,460 USD.
A breakthrough above the key 2,600 USD resistance could trigger a rapid rally towards 3,000 USD. However, weaker buying pressure remains a concern, requiring market dynamics to shift for ETH to capitalize on its growing accumulation.
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