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Ethereum Could Reclaim $2,700 As Key Data Signals Reduced Selling Pressure

  • Ethereum investors are optimistic about a potential price surge driven by encouraging on-chain data.
  • Glassnode data indicates a decline in ETH inflows into exchanges, suggesting increased accumulation and potential bullish breakout.
  • Lower selling pressure and increased investor confidence could lead to upward price movement in the coming days.
  • Ethereum's ability to reclaim crucial supply levels will determine its trajectory and potential for a bullish trend reversal.

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