ETH Set to Breakout to $3k? 🚀

- According to Poseidon analyst, ETH could break the psychological $3k mark in Q4 2024. Currently, the price is testing daily demand levels and recovering well.

- Analyst Elja Boom believes that ETH will not break out before Q4 2024, the price is still trading above the 50-EMA support.

- ETH whales have accumulated 200,000 ETH worth over $540 million in the 4 days before August 26, according to Satoshi Sniper.

- The $2.7k resistance remains a major challenge, according to Aurelie Barthere of Nansen.

- If ETH breaks $2.7k, over $481 million in shorts will be liquidated, according to Coinglass.

- Trader Mizuhara warns that a correction to $1,750 is possible if the breakout is not achieved.

What do you think? Comment now! 💬