<ul><li>Ethereum broke out of a falling wedge pattern and is consolidating above the 200-day moving average, trading between $2,482 and $2,771.</li><li>BlackRock has increased Ethereum holdings to $3.71 billion and has not sold any since early May, signaling long-term accumulation.</li><li>Analysts believe there is a potential for Ethereum to rally towards $3,000 if it clears the resistance at $2,800.</li><li>Technical indicators show a possible breakout for Ethereum, with the market showing signs of coiling for a move higher.</li></ul>

Why Ethereum (ETH) Price Could Rally Soon

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