Ethereum’s breaks exceeding a month range – 1.3 million ETH holds $2.70K – $2.74K possible anchor prices
Ethereum slightly traced above the $2,750 level a few hours ago from the local high of the $2,830 package. The move marks the strong resilience of the Bulls, and ETH continues to improve despite greater market uncertainty. The momentum seems to be building, with many analysts calling for Ethereum to break through its leadership over long range trading.
According to GlassNode’s chain data, Ethereum has just been damaged from a one-month consolidation range. The cost-based allocation shows that a large amount of ETH accumulated during this phase, with 1.3 million ETH holdings between $2,700 and $2,740, while the other 800,000 ETH was about $2,760. These levels now represent a strong chain-backed foundation, which suggests that many investors are stuck in profits and may hold rather than sell to power.
Now, ETH presses local resistance and solid support below, the structure is conducive to the continuation of the above. The confirmed breakthrough of more than $2,830 could open the door for $3,000 and beyond, and potentially trigger capital spins to altcoins and fuel a full-size playoffs. Now everyone’s eyes are on Ethereum’s next move.
With market breakthroughs and quarterly seasons, Ethereum drives resistance
As the United States and China continue to negotiate trade deals, financial markets are preparing for decisive moves, and Ethereum is at the center of attention. As major headlines change global risk sentiment, ETH’s price action has become a major indicator of the wider crypto market. Ethereum is now heading into a critical resistance zone near $2,800, and analysts agree: If ETH can recollect higher levels, it can confirm the start of the long-awaited Altseason.
Despite macro uncertainty, positive sentiment continues to build. Ethereum has recently left the consolidation range for a month, which is a signal of strength growth. According to GlassNode, the cost base distribution shows that the accumulation of 1.3 million ETH is between $2,700 and $2,740, while another 800,000 ETH is purchased for $2,760. These levels are now a strong chain-backed foundation, enhancing the bullish structure and suggesting that buyers in the merger phase may hold rather than sell.
This background puts Ethereum in a decisive position. A confirmation breakout above $2,830 can open the door for quick gatherings at $3,000 and beyond. If the Bulls can maintain control, ETH is expected to lead the next phase of crypto extensions with solid support below and viewing of the entire altcoin market.
ETH’s earnings exceed $2,750 after breakout of its holding range
Ethereum broke the 4-hour chart for a month-long range of $2,766 and briefly hit $2,794. Prices have now retreated slightly, but the structure remains bullish as ETH continues to remain in previous resistance zones and now moves to support about $2,700-2,740.
This consolidation above the breakout area is a healthy sign that the bull is in control and ready to continue moving. The 50, 100 and 200 simple moving averages (SMAs) are currently at $2,587, $2,588 and $2,557, respectively – all rising and stacking below the price, further supporting the trend.
Volume surges during the breakout, but cools slightly during the callback, indicating no sign of immediate distribution. As long as ETH has this recycling range and does not lag behind 200 SMA, bias remains optimistic. Successfully retesting the breakout zone could lead to another push toward the $2,850–$2,900 range.
Featured images from DALL-E, charts from TradingView
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