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Ethereum (ETH) Price Faces Massive Compression; Will it Break Above $2800 This Week?

  • Ethereum price is currently consolidating within a tight range, indicating strong compression in the market.
  • The token has been performing better than Bitcoin in Q3, suggesting potential positive momentum for altcoins.
  • Key factors impacting Ethereum's price include network activity, decreasing exchange reserves, and significant institutional inflows.
  • Technical indicators hint at a potential breakout for Ethereum, with the price possibly exceeding $3000 in the near future.

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