Ethereum has surged amid rising demand at the critical $2.1K support area. The price has regained the middle threshold of the multi-month downtrend channel, signaling potential gains toward the $3K level. 📈

- On the daily chart, buying pressure at the $2.1K support area has pushed the price toward the $2.8K resistance.

- On the 4-hour chart, the $2.8K level is forming a strong barrier.

- Onchain analysis shows that the $2.8K level contains high liquidity.

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