📈 #Ethereum’s potential breakout to $3,000 may be delayed until Q4 2024, as the key $2,700 resistance level remains a significant hurdle.
Analysts like CryptoPoseidonn are optimistic, noting positive signs for a Q4 rally, while Eljaboom suggests $ETH will stay range-bound until then.
Meanwhile, whales have recently accumulated 200,000 $ETH, signaling bullish sentiment.
However, the $2,700 resistance needs to be cleared with enough volume for a sustained move. Bears warn of a possible dip to $1,750 before any major upside.
Will $ETH make a run or face more consolidation?
Source: Cointelegraph
