strong buy
Ethereum Breaks Out of Monthly Range with Support Building
Ethereum has recently broken out of its one-month trading range. The basis cost distribution indicates that 1.3 million ETH were held around $2,700 and $2,740, while 800,000 ETH were at approximately $2,760. These investors accumulated funds during the consolidation phase and could now establish a strong support zone.
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AI Analysis
The breakout of Ethereum from its month-long trading range suggests increased bullish momentum and a potential trend reversal after a period of consolidation. The distribution of bases at specific pri...
AI Recommendation
Investors should monitor Ethereum’s price action closely following this breakout. If the price sustains above the identified support levels with increased volume, it may present a strategic entry poin...
Disclaimer
The AI analysis and recommendations provided are for informational purposes only. Any investment decisions should be made at your own risk. Past performance is not indicative of future results. Always conduct your own research and consider consulting with a financial advisor before making any investment decisions.