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Ethereum (ETH-USD) Targets $2,723 as ETF Inflows and Whale Demand Fuel Breakout Pressure
ETH-USD Price Compresses in Triangle as Bulls Eye Breakout Above $2,560 Ethereum is holding firm above $2,523, forming a tightly wound symmetrical triangle between support at $2,478 and resistance near $2,560. The 4-hour chart reveals multiple higher lows since early June, supported by the 50-period SMA at $2,494.95, while the upper boundary remains flat just under $2,560. This compression across EMAs — the 20, 50, 100, and 200 all coiling between $2,486–$2,525 — is the clearest sign that ETH is nearing a volatility surge. Should buyers pierce the $2,560 mark with volume, upside targets extend to $2,639, ... (full story)
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