Ethereum Accumulation at $3,120: Bulls Seeking Breakout

Recent data reveals a strong accumulation of Ethereum (ETH) near the $3,120 level, with over 2.6 million ETH bought in this zone. This significant concentration of buying activity suggests that large holders see value at this price point and may remain long if it holds. Analysts suggest that exceeding resistance at $3,937 could trigger a bullish rally, potentially leading to new longs positions. However, the market is currently showing range-bound movements, awaiting decisive cues in the coming week. 💰