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Ethereum Price Poised for Breakout— $4000 Could Be Closer Than You Think

  • Ethereum is showing multiple bullish signals that could lead to a breakout towards $4000, supported by strong on-chain activity and growing institutional interest.
  • The ETH price is consolidating just below a key resistance zone, forming an ascending triangle pattern on the daily chart with positive momentum oscillators.
  • Ethereum's network fundamentals, including declining ETH supply on exchanges, increasing staking participation, and rising whale activity, support the bullish rally.
  • Ethereum's technical strength, coupled with low exchange reserves and rising institutional investment flows, suggest a potential upside move for the cryptocurrency.

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