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$ETH at Critical Juncture: Is a Major Breakout Imminent?

$ETH is testing a pivotal $2,360–$2,400 demand zone, holding firm within a six-week consolidation range. Despite a 4.17% dip to $2,405, bulls continue defending this key support, as highlighted by analyst M-log1, who suggests ETH may have already bottomed.

With price action tightening below the 200-day MA ($2,774) and volume spiking, a breakout or breakdown looms. A push above $2,500 could spark altcoin momentum, while a drop below $2,360 risks a slide to $2,100. The ETH/BTC ratio also nears support, hinting at a potential altcoin rotation if ETH holds.

🔎 What’s next for ETH? Share your thoughts below!