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Ethereum analyst sees $2,530 breakout potentially driving ETH toward $2,700

  • Ali Charts said Ethereum has been consolidating between $2,370 and $2,530 since Aug. 26.
  • ETH must close an hourly candle outside the range to confirm the breakout direction.
  • Ali Charts said a sustained move above $2,530 could send ETH toward $2,700.

Ethereum has remained in a $2,370-to-$2,530 consolidation range since Aug. 26, according to crypto analyst Ali Charts. He said an hourly candlestick close outside the range is needed to confirm the breakout direction, although the current market structure leans bullish. A sustained move above $2,530 could open a path toward $2,700.

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