<ul><li>Ethereum (ETH) is showing signs of preparing for a breakout as it continues trading in the mid-$2,000 range, with a potential target of $3,300.</li><li>Analysts indicate a bull flag formation on the daily chart, with ETH consolidating between $2,400 and $2,700 for the past 17 days, suggesting a bullish continuation pattern.</li><li>ETH has remained above the 200-day Exponential Moving Average (EMA), signalling bullish momentum and potential movement towards the $3,000–$3,500 range.</li><li>Despite positive forecasts and accumulation by Ethereum whales, hurdles such as potential selling pressure around $2,800 could impact its current bullish trajectory. ETH is currently trading at $2,620.</li></ul>

Ethereum Holds 200-Day EMA – Is A Breakout To $3,300 Imminent?

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