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Ethereum Eyes $3K as ETF Inflows Surge but Breakdown Risk Grows

  • Ethereum is trading near a critical support zone as bulls aim for the $3,000 level, but a clear breakout remains uncertain.
  • ETF inflows of $700 million into ETH-based ETFs in the U.S. have reinforced the $2,500 support zone, limiting downside pressure in the short term.
  • Despite bullish technical patterns such as cup and handle and a golden cross, Ethereum struggles to reclaim $2,700 amid rising competition from Solana and BNB in the DEX market.
  • Large ETH transfers and speculation about market volatility persist amidst ETF inflows, as Ethereum faces challenges in maintaining its market position against other blockchains.

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