New data from Ethereum’s heatmap reveals a significant breakout with investors accumulating ETH near the key support zone of $2.70K. This breakout coincides with increased investor confidence following recent trade wars and global economic uncertainty. 2.1 million ETH were accumulated in the $2.70K-$2.76K range, indicating strong accumulation by institutional investors during this consolidation phase. The high-demand zone has driven Ethereum’s price surge to over $2,830, a notable 8.4% jump within the past 24 hours. 800K ETH were accumulated in the region near $2.76K, while another 1.3 million ETH were accumulated in the $2.70K-$2.74K range according to Glassnode. This significant level of accumulation suggests a strong support zone for future price movement. The heatmap shows red bands indicating heavy supply zones at around $2.75K-$2.80K, suggesting resistance levels for bullish momentum. The break-out has been supported by large institutional players and marks a crucial phase in Ethereum’s price action.