#Ethereum has just exited the sw range for a month.
The cost base distribution shows that an accumulation movement has formed with 1.3m $ETH holding around the price of $2.70K and $2.74K and 800K #ETH at $2.76K.
These investors accumulated during the consolidation process and will now likely create a strong support area.
If the support range of $2.70K to $2.76K is maintained, the possibility of reaching a price of up to $3.42K is still technically feasible.