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Ethereum (ETH) Price Action Builds Pressure: Next Stop $7,000?

  • Ethereum started July strong, rising from $2,403.98 to $2,625, marking a 5% weekly gain.
  • Crypto analysts draw parallels between ETH's current cycle and the breakout structure seen in 2020.
  • Market experts predict Ethereum may be gearing up for a significant move towards $7,000 based on historical patterns.
  • Institutional inflows, stablecoin growth, and decreasing exchange balances are seen as catalysts for Ethereum's potential explosive growth.

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