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Ethereum Range Tightens – Liquidity Looms At $2,800 And $2,350

  • Ethereum is aiming to break free from weeks of sideways action as it approaches the $2,600 level, a move that could signal the start of a new bullish phase for the cryptocurrency.
  • Market participants are closely watching the $2,600 level, as a successful breakout could attract momentum buyers, while failure to sustain the move might lead to renewed selling pressure.
  • Key liquidity clusters for Ethereum are identified at $2,800 and $2,350, influencing potential price movements depending on how the cryptocurrency responds to current resistance levels.
  • Ethereum's next move is crucial for the entire altcoin market, with analysts emphasizing the need for ETH to break out of its current range to lead the next major move and potentially trigger a broader altcoin rally.

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