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Ethereum Price Prediction: Is a Breakout t $2,626 on the Horizon?
- Ethereum approaches a resistance level around $2,626 amidst Bitcoin's price spike.
- Speculation of a bullish breakout in Ethereum leads to spike in Open Interest.
- Whale investors are buying more ETH as shown by cash inflows into US spot Ether ETFs.
- The supply of Ether on centralized exchanges declines, influenced by macroeconomic changes and rate cuts.
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