Ethereum has surged more than 21% in the past week, driven by a strong breakout that has renewed bullish sentiment.
Analysts see $2,900 as a potential upside target if ETH maintains momentum, with key resistance levels at $2,250 and $2,465.
The decline in Ethereum held on exchanges, dropping by about 1.15 million ETH since early June, suggests reduced sell-side liquidity, supporting price gains.
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