Ethereum has staged a sharp breakout from its multi-week consolidation, with ETH now trading around $2.4K after reclaiming the descending trendline that had capped the broader recovery. The breakout above the $2.1K resistance triggered an almost vertical advance toward the $2.4K supply zone, supported by strong momentum acceleration and a rise in short liquidations reaching roughly 28K. The daily RSI has jumped above 75, signaling overbought conditions that increase the likelihood of a pullback before a potential move toward $3K. As long as ETH holds the $2K-$2.1K support area, the bullish structure remains intact.
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