<ul><li>Ethereum's price is nearing the $2,800 level, a crucial breakeven zone being watched closely by investors as it attempts to rally towards $3,000.</li><li>On-chain data indicates a significant cluster of buy levels around $2,800, potentially leading to increased selling pressure as investors who bought at this level have a chance to exit at breakeven.</li><li>While Ethereum faces resistance around $2,800, it is supported by a strong demand zone between $2,330 and $2,410, with 2.58 million addresses holding over 63.65 million ETH in that range.</li><li>At the current price of around $2,500, Ethereum is balancing between potential selling pressure at $2,800 and a solid support level below. A breakout above $2,800 could quickly propel the price towards $3,000.</li></ul>

Ethereum Nears $2,800 Break-Even Zone: Why This Is Important For Rally To $3,000

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