Ethereum has accumulated 3.45 million ETH priced around 2,500 USD, creating a stronger case for a potential breakout to 3,000 USD.
The current ETH price stands at about 2,620 USD following a nearly 7% rally, with critical resistance levels recently reclaimed.
Despite bullish sentiment, 60% of exchange positions are bearish, indicating a possible short-term pullback, especially with significant demand found in the 2,513-2,536 USD range.
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