Ethereum's price has seen a significant upward movement of over 2% on a low volatility Sunday, reaching $2,700. This increase marks a crucial period for ETH's market performance as the price breaks past the resistance trendline of an 11-week accumulation phase.
This breakout suggests a potential rally towards the $3,000 mark, fueled by larger holders consolidating their grip over the Ether supply. The strengthening of this recovery trend indicates promising growth prospects for Ethereum.
The original report on Ethereum's potential breakout was published by CoinGape, highlighting the shift in market dynamics and ETH's performance trajectory.
