Ethereum (ETH) has broken out of its month-long range, with strong support potentially forming between $2,700 and $2,740, where 1.3 million ETH were accumulated. On-chain analysis firm Glassnode sugge...

Ethereum (ETH) has broken out of its month-long range, with strong support potentially forming between $2,700 and $2,740, where 1.3 million ETH were accumulated. On-chain analysis firm Glassnode suggested on X that if the support holds, ETH could target $3,420, with resistance forming around that level. ETH is currently trading at $2,766.62, up 3.41% in the past 24 hours, according to CoinMarketCap.

Analysis: Ethereum breaks out of month-long range, strong support seen at $2,700

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