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Ethereum Price Exceeds $2,600, On-Chain Data Signals a Surge Toward $3,000

  • Ethereum surpasses $2,600 mark with 69 million ETH turning profitable amidst bullish momentum towards $3,000.
  • Recent surge backed by positive on-chain data and bullish market sentiment, particularly driven by the US-China trade deal.
  • Technical analysis indicates Ethereum's potential to test $3,000, with key support levels at $2,145 and $2,400.
  • Rally also impacts derivatives market, with $18.56 million bearish positions liquidated and open interest rising to $29.43 billion.

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